Definition: The Domestic Lease and International Lease are the types of leases classified on the basis of the places where the parties to the lease agreement reside. The lease is the agreement between the lessor and the lessee; wherein the lessor grants permission to the lessee to use his property in return for periodical rental payments. Domestic Lease: When all the … [Read more...] about Domestic Lease and International Lease
Single Investor Lease and Leveraged Lease
Definition: The Single Investor Lease and Leveraged Lease are other types of leases classified on the basis of a relationship between the lessee and the financier. The lease refers to the contractual agreement wherein the lessor, the owner of the property give rights to the lessee to use his property in exchange for periodical rental payments. Single Investor Lease: In the … [Read more...] about Single Investor Lease and Leveraged Lease
Sale & Lease Back and Direct Lease
Definition: The Sale & Lease Back and Direct Lease are the other kinds of leases that offer different benefits to the parties to the lease agreement. The lease refers to the contractual agreement between the lessor, who owns the property and the lessee to whom the right is transferred to use the lessor’s property for a particular period of time in return for periodical … [Read more...] about Sale & Lease Back and Direct Lease
Finance Lease and Operating Lease
Definition: The Finance Lease and Operating Lease are the very common form of lease agreements that an individual goes for. The lease is an agreement wherein the lessor grant rights to the lessee to use lessor’s property in exchange for certain periodic payments. Finance Lease: The Finance Lease or Capital Lease refers to the agreement wherein the lessee gets the ownership … [Read more...] about Finance Lease and Operating Lease
Types of Leases
Definition: The Lease refers to the contractual agreement between the two parties, lessor and lessee, wherein the lessor, the owner of the property grant lessee the right to use his property for a particular period of time in exchange for the periodical rental payments. There are different types of leases that can be classified on the basis of the extent to which the risks … [Read more...] about Types of Leases
Informal Groups
Definition: The Informal groups are those groups that get created spontaneously as soon as individuals start interacting with each other. The informal groups are formed by the individuals to satisfy their social needs of affiliation, and they emerge on their own and hence not created by the management of the organization. Now the question arises that how the informal groups … [Read more...] about Informal Groups
Quality Circle
Definition: The Quality Circle refers to the group of individuals who meet on a regular basis to discuss the work-related problems. Generally, the quality circles are small group gatherings, led by the supervisor or the manager who presents the solutions to the management. The purpose behind the formation of a quality circle is to motivate employees to share the problems … [Read more...] about Quality Circle
Task Force
Definition: The Task Force is a type of a group, formed temporary, in which people from different disciplinary backgrounds come together to perform a specific task or mission. These are different from the committees in the sense, these are temporary and has broader powers of action and decision, greater responsibilities for investigation, analysis, planning and research. The … [Read more...] about Task Force
Committees
Definition: The Committees are the association of organizational people who come together to analyze, investigate and discuss the issues of concern and reach to the final conclusion. The committees are usually formed at different levels in the organization. The power and authority of the committee members are restricted to the extent delegated by the appointer. Also, there … [Read more...] about Committees
Formal Groups
Definition: The Formal Groups are formed deliberately and consciously collectively to direct the efforts of group members, especially the employees towards the accomplishment of organizational objectives. The formal groups are formed to fulfill any of the following purposes: To capitalize the expertise of each individual towards the accomplishment of complex tasks. … [Read more...] about Formal Groups