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In a direct cutover conversion strategy, the new system:
Equity Options
Financial derivatives that give the holder the right, but not the obligation, to buy or sell a stock at a specified price before a certain date.
CCA Tax Shield
A deduction that allows businesses to depreciate the cost of an asset over time for tax purposes, reducing their taxable income.
Lessee
A lessee is a person or entity who rents land or property from a lessor under the terms of a lease.
Lessor
An entity or individual that rents out an asset or property to another party, known as the lessee.
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