There are two types of leases: operating and capital.

Name: There are two types of leases: operating and capital.
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Operating leases and capital leases (also known as finance leases) are the two primary types of leases. Operating leases are typically for a shorter term and allow the lessee to rent an asset, while capital leases are more like a loan agreement, giving the lessee benefits similar to ownership.

There Are Two Types of Leases: Operating and Capital