Off-Balance Sheet Financing: Definition, Examples
Off-balance sheet financing means a company does not include a liability on its balance sheet. It is an accounting term and impacts a company’s level of debt & liability.
Lease: Definition, Features, Advantages, Disadvantages, Types
A lease is a contract under which one party, the lessor (owner of the asset), gives another party (the lessee) the exclusive right to use the asset, usually for a specified time in return for the payment of rent. Leasing is the process by which a firm can obtain the use of certain fixed assets…
Liability: Current & Long-Term Liability, Types of Liabilities
Liabilities are obligations to pay money, render future services, or convey specified assets. They are claims against the company’s present and future assets and resources.