Heavy Equipment Rentals Borrows Money on a Nonrecourse Basis from the Financial

Heavy Equipment Rentals borrows money on a nonrecourse basis from The Financial Group to fund its purchases of construction equipment such as backhoes,graders,earth movers,etc.This equipment is then leased to contractors.The leases are classified as tax-oriented leases.Which one of the following terms best describes these lease of construction equipment?

A) leveraged lease
B) sale and leaseback arrangement
C) operating lease
D) perpetual lease
E) straight lease

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