Match these terms with their definitions.
-Agreement whereby the legal owner of the asset retains substantially all of the risks and obligations of ownership
A)Callable bonds
B)Long-term lease
C)Convertible bonds
D)Debenture bonds
E)Junk bonds
F)Mortgage bonds
G)Notes payable
H)Short-term lease
I)Secured bonds

Question

Quizplus · Accepted Answer

In a long-term lease, the lessor (legal owner) often retains the risks and obligations associated with ownership, such as maintenance, taxes, and insurance, while the lessee (user) has the right to use the asset for the lease term.

Match These Terms with Their Definitions