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Financial Lease
A lease arrangement where the lessee pays for the use of an asset over a long period, essentially covering its full cost, similar to de facto ownership.
Tax Avoidance
A legal strategy used by individuals and businesses to minimize taxes owed by using deductions, credits, and exemptions within the law.
Bargain Purchase Option
A provision in a lease agreement that allows the lessee to purchase the leased asset at the end of the lease term for a price significantly lower than the expected fair market value.
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