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Generally, initial public offerings (IPOs) are:
Lessor
An entity or individual who leases or rents out an asset to another, known as the lessee, under a lease agreement.
Lease Period
The specified duration for which a lease agreement is effective, giving the lessee the right to use an asset.
Financial Lease Arrangement
A type of lease where the lessee pays for the use of an asset for most of its useful life and has rights similar to ownership.
Operating Lease
A contract that allows for the use of an asset but does not convey rights of ownership of the asset.
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