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In the three-cell model, global wind patterns are generated by heat-driven convection currents that are directed by the Earth's rotation. Their direction is then altered by:
Operating Lease
A lease agreement allowing one to use an asset without ownership, typically with shorter terms than a finance lease.
Capital Lease
A lease agreement in which the lessee essentially acquires all the benefits and risks of ownership of the asset, even though legal title may not be transferred.
Lease Inception
The beginning date of a lease agreement when all terms and conditions are established and the lease becomes effective.
Constructive Capitalization
An accounting method that records a leasing agreement as a purchase and leaseback transaction for financial reporting purposes.
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