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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.
Which of the following letter-number cluster will replace the question mark (?) in the given series?
TJM10, ULP12, VNS14, WPV16, XRY18, ?
Statement: Researcher Jiankui's claim that he has changed the human fetal genes has proved to be true.
Choose one of the following options
If 16 ⊕ 27 = 48 and 23 ⊕ 39 = 51 then what will be the value of 25 ⊕ 48 = ?
Kiran, Pihu, Siya, Leena, Reena and Jiya are sitting around a circular table facing the centre. Kiran sits 3rd to the right of Pihu. Siya sits 2nd to th...
Statements:
All beards are nails. Some nails are rings.
All rings are pendants.
Conclusions:
I. All rings can never be n...
Three of the following words are alike in some manner and hence form a group. Which word does NOT belong to that group? (The words must be considered as...
Avinash is ranked 11th from the top in the class and Ira is ranked 7th from the bottom. If their positions get interchanged, Avinash will rank 15th from...
In a certain code language, 'CURD' is written as '342184' and 'BREAD' is written as '2181024'. How will 'BUTTER' be written in that language?
Identify the figure that does NOT belong to the following series.
Select the correct option that indicates the arrangement of the following words in a logical and meaningful order.
1. Word
2. Paragraph