Match the words with the term.
-agreed commitment
A) lessee
B) sale and leaseback
C) financial lease
D) operating lease
E) lessor

Name: Match the words with the term. -agreed commitment A) lessee B) sale and leaseback C) financial lease D) operating lease E) lessor
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Question

Quizplus · Accepted Answer

A financial lease is a type of lease agreement where the lessee agrees to a commitment to pay for the lease over a period, essentially covering the cost of the asset, which is akin to an agreed commitment.

Match the Words with the Term