Risk and rewards are transferred in _______ and not in _______.
In a finance lease, the lessee (the person leasing the asset) assumes most of the risks and rewards associated with ownership of the asset. This is because the finance lease is structured in a way that resembles a loan, with the lessee making regular payments to the lessor (the person who owns the asset) in exchange for the use of the asset. The lessee is responsible for maintaining the asset, insuring it, and paying any taxes associated with its use. At the end of the finance lease term, the lessee may have the option to purchase the asset at a predetermined price. In contrast, in an operating lease, the lessor assumes most of the risks and rewards associated with ownership of the asset. The lessee typically pays a rental fee to the lessor for the use of the asset, but the lessor remains responsible for maintaining the asset, insuring it, and paying any taxes associated with its use. At the end of the operating lease term, the lessee typically returns the asset to the lessor, with no option to purchase it at a predetermined price. Overall, finance leases and operating leases have different characteristics and are used for different purposes, depending on the needs and goals of the parties involved.
Replace the word against number 26 with the correct option from the given options below:
What plant was coming up?
Replace the word against number 26 with the correct option from the given options below:
How did the author respond to Shahid’s question?
Which one of the following maybe a suitable meaning of the following phrase ‘brushed under the carpet’ as used in the passage above.
...Which of the following is the most opposite in meaning to the word ‘ hazardous’ as used in the passage?
Which of the following words seems most opposite in meaning to the word curb as used in the passage?
Which of the following statements is definitely false according to the passage ?
Replace the word given in bold with another suitable option, without changing the meaning of the sentence.
The lack of doctors, coupled with...
What are the factors adding to the poor air quality as pointed out in the analysis by IIT-Kanpur last year?