A capital or capitalized lease is otherwise known as

Question

Quizplus · Accepted Answer

A capital or capitalized lease is also known as a financial lease. In this type of lease, the lessee (the person leasing the asset) takes on the responsibility of ownership and typically has a purchase option or obligation at the end of the lease term. It is different from an operating lease, which is a shorter-term lease where the lessor (the owner of the asset) remains responsible for ownership and maintenance of the asset. Direct leases and leveraged leases are also types of leases but do not necessarily refer specifically to capitalized leases.

A Capital or Capitalized Lease Is Otherwise Known as