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Define each of the following terms: a. Lessee; lessor b. Operating lease; financial lease; sale-and-leaseback; combination lease; synthetic lease; SPE c. Offbalance sheet financing; capitalizing

Define each of the following terms:

a. Lessee; lessor

b. Operating lease; financial lease; sale-and-leaseback; combination lease; synthetic lease; SPE

c. Offbalance sheet financing; capitalizing

d. FASB Statement 13

e. Guideline lease

f. Residual value

g. Lessees analysis; lessors analysis

h. Net advantage to leasing (NAL)

i. Alternative minimum tax (AMT)

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