Capital Lease Definition.

A capital lease is a long-term lease that represents ownership of the leased asset. The lessee makes lease payments to the lessor over the term of the lease, and at the end of the lease, the lessee owns the asset. Capital leases are typically used for equipment, vehicles, and real estate. What is capital lease … Read more

Principal Place of Business.

The term “principal place of business” is used to describe the location where a company’s primary operations are conducted. This is typically the company’s headquarters, but could also be a separate facility where the majority of its employees work or where its primary products or services are produced. The principal place of business is used … Read more