noun
EXAMPLES FROM CORPUS
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A lease can often be obtained more easily than a loan can be arranged because the lessor retains title to the asset.
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If the lease contains an absolute prohibition on assignment, there is no obligation on the lessor to give consent.
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In the case of leaseholds, of course, the property may be insured by the lessor under the terms of the lease.
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Is the lessee then in a stronger position and the lessor in a weaker position?
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It is also worth noting that an operating lease transfers the risk of obsolescence from the lessee to the lessor .
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The asset belongs to the lessor , and so capital allowances are not available to the company.
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The primary advantage to the lessor in this transaction stems from the tax benefits.
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To achieve a lower after-tax cash flow as early as possible, lessors normally set up leasing subsidiaries with different year ends.