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Category: L

Lease Payments

Definition Lease payments are periodic payments made by a lessee to a lessor in exchange for the use of an asset, such as a property,

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Lease Extension

Definition A lease extension refers to an agreement between a landlord and a tenant that prolongs the duration of an existing lease contract. The extension

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Leasehold

Definition A leasehold is a type of property ownership where a person (the leaseholder) rents a property from a landlord (the freeholder) for a specified

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Lease Rate

Definition The lease rate refers to the periodic payment made by a lessee (tenant) to a lessor (property owner) in exchange for the use of

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Learning Curve

Definition The learning curve refers to the gradual improvement in efficiency or productivity as a person gains more experience and knowledge in performing a task,

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Lean Six Sigma

Definition Lean Six Sigma is a business management strategy that combines two methodologies: Lean and Six Sigma. Lean focuses on reducing waste and improving efficiency

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Lease Option

Definition A lease option, also known as a rent-to-own agreement, is a contract between a property owner and a tenant, where the tenant has the

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Leaseback

Definition Leaseback, also known as sale-and-leaseback, is a financial arrangement in which a company sells an asset, typically real estate or machinery, to another party

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