EMU Definition

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EMU see Economic and Monetary Union.

Learn new Accounting Terms

ATP is an acronym for After Tax Profit, Accredited Tax Preparer, and possibly more.

DIRECT FINANCING LEASE is one in which the lessor's only source of revenue is interest. The lessor (generally a bank or other financial institution) buys an asset and leases it to the lessee. This transaction is an alternative to the more customary lending arrangement in which a borrower uses the loan proceeds to purchase an asset. A direct financing lease is the functional equivalent of a loan.

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