CAPITAL LEASE is a lease obligation that has to be capitalized on the balance sheet. It is characterized by: it is non-cancelable; the life of lease is less than the life of the asset(s) being leased; and, the lessor does not pay for the upkeep, maintenance, or servicing costs of the asset(s) during the lease period.
EARNING POWER is earnings before interest and taxes [EBIT] divided by total assets.
RECORD DATE, in securities, is the date for determining who is entitled to payment of principal and interest on a security.
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