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Finance lease - is a full-payout,
non-cancelable agreement, where the lessee is responsible for maintenance,
taxes and insurance. The tool is depreciated on the balance sheet of the user. |
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Operating lease - is not capitalized by the
user. The lessee has the option to use the equipment for just a fraction of its
useful life. The lease payments are normally expensed. |
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Structured lease - is a customized lease
to meet the needs of the lessee. |
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