Which of the following terms does not describe a financial lease?

Name: Which of the following terms does not describe a financial lease?
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Question

Quizplus · Accepted Answer

A financial lease is often synonymous with a capital lease or a full payout lease, where the lessee effectively takes on the risks and rewards of ownership. An operating lease, on the other hand, does not transfer the risks and rewards of ownership to the lessee and is not considered a financial lease.

Which of the Following Terms Does Not Describe a Financial