Deficiency: The difference between the amount owed on a ... Indemnity: A lease contract provision that absolves the lessor from charges incurred by the lessee. Because the leased vehicle is ...

What is the difference between a car loan and a personal loan ... A closed-end lease is a rental agreement in which the lessee (or renter) is under no obligation to purchase the leased asset ...

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Definition: Capital lease is a lease agreement in which the lessor agrees to transfer the ownership rights to the lessee after the completion of the lease period. Capital or finance leases are long ...

Read on to discover how each system fares as we make our verdict on the PS5 vs. Xbox Series X debate. While the specs are handy to know, they only tell part of the story when it comes to performance.

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The seller then becomes a lessee of the property while the purchaser becomes the lessor. The property's current owner-occupier agrees to sell the asset to an investor for a fixed price.