Operating lease

Definition
: a lease of property and esp. equipment for a term which is shorter than the property's useful life and in which the lessor is responsible for certain expenses (as taxes)



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Based on Merriam-Webster's Dictionary of Law ©2001.
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best evidence rule

a rule of evidence: in order to prove what is said or pictured in a writing, recording, or photograph the original must be provided unless the original is lost, destroyed, or otherwise unobtainable


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