Examlex

Solved

Use the Following to Answer Questions

question 47

Multiple Choice

Use the following to answer questions:
Select the word or phrase from the Terms section that best matches the definition or example provided in the Definitions section.
Terms
-Modern term meaning "ventures of the cross," used to describe the "holy wars" waged by Western Christendom from 1095 until the end of the Middle Ages and beyond; they could be declared only by the pope and were marked by participants swearing a vow and receiving an indulgence in return.


Definitions:

Financial Leases

Long-term leases that transfer substantially all the risks and rewards of ownership of the asset to the lessee, similar to finance purchases.

Financial Lease

A type of lease in which the lessee has use of the asset for most of its useful life and the lease payments cover the full cost of the asset, effectively transferring the risks and rewards of ownership.

Financial Lease

A type of lease in which the lessee has use of the asset for most of its useful life, and the lease payments are designed to cover the lessor's purchase costs and provide a profit.

Lessor

The group that provides a property or asset for lease to another group, identified as the lessee.

Related Questions