id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
aijes-5165	Antik, Cristina Ioana	Credit Institutions – Financing Entities During the COVID-19 Pandemic	2022	8	.pdf	application/pdf	3363	108	40	7 points 7-8, as follows:  financial leasing contract - any leasing contract that meets at least one of the following conditions: a) the risks and benefits of the right of ownership of the asset that is the object of the lease are transferred to the user at the time when the leasing contract takes effect; b) the leasing contract expressly provides for the transfer of ownership of the asset that is the object of the lease to the user at the time of the expiration of the contract; c) the user has the option to buy the asset at the time of the expiration of the contract, and the residual value expressed as a percentage is less than or equal to the difference between the maximum normal operating time and the duration of the leasing contract, compared to the maximum normal operating time, expressed as a percentage ; d) the leasing period exceeds 80% of the maximum normal operating time of the asset the object of the lease; within the meaning of this definition, the leasing period includes any period for which the leasing contract can be extended; e) the total value of the leasing installments, minus the accessory expenses, is greater than or equal to the input value of the asset;  operating leasing contract – any leasing contract concluded between the lessor and the lessee, which transfers to the lessee the risks and benefits of the right of ownership, less the risk of capitalizing the asset at the residual value, and which does not meet any of the conditions provided for in point 7 letter. Financial leasing companies are established in the form of joint-stock companies and as non-banking financial institutions, while operational leasing companies are established and operate according to Companies Law no. 31/1990, republished, with subsequent changes and additions, OG no.	cache/aijes-5165.pdf	txt/aijes-5165.txt