finance lease

A British alternative term for *capital lease.

Auditor's dictionary. 2014.

Look at other dictionaries:

  • finance lease — A term used in UCC Article 2A. A lease in which the lessor is not the supplier or manufacturer of the leased goods. In a finance lease, the lessor must not have any involvement in the selection of the leased goods and it must be serving only as a …   Financial and business terms

  • Finance lease — is a type of lease the other being an operating lease. A finance lease (highly similar to a capital lease) effectively allows a firm to finance the purchase of an asset, even if, strictly speaking, the firm never acquires the asset. Typically, a… …   Wikipedia

  • finance lease — see lease Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. finance lease …   Law dictionary

  • finance lease — A lease that transfers substantially all the risks and rewards of ownership of an asset to the lessee. In accounting, it is as if the lessee owned the asset in question. Under Statement of Standard Accounting Practice (SSAP) 21, Accounting for… …   Accounting dictionary

  • finance lease — finansinė nuoma statusas Aprobuotas sritis buhalterinė apskaita ir finansinė atskaitomybė apibrėžtis Nuoma, kai perduodant turtą nuomininkui perduodama didžioji dalis turto nuosavybės rizikos ir naudos. Nuosavybės teisė į turtą vėliau gali būti… …   Lithuanian dictionary (lietuvių žodynas)

  • finance lease — Fin a lease that is treated as though the lessee had borrowed money and bought the leased assets. [m1]Also known as capital lease. [m1]See also operating lease …   The ultimate business dictionary

  • finance lease — A lease in which the lessee acquires all the financial benefits and risks attaching to ownership of whatever is being leased. In accounting, it is as if the business owned the assets. Compare operating lease …   Big dictionary of business and management

  • finance lease — A lease in which the lessor does not select, manufacture or supply the goods, but enters into a contract with a third party supplier to acquire goods specifically for the purpose of leasing them to the lessee. U.C.C. No. 2A 103 …   Black's law dictionary

  • lease — a legal contract covering the possession and use of property, plant or equipment between the owner ( lessor) and another person ( lessee) at a given rent, for a stated length of time. Glossary of Business Terms A contract providing for the use of …   Financial and business terms

  • Lease — A long term rental agreement, and a form of secured long term debt. The New York Times Financial Glossary * * * ▪ I. lease lease 1 [liːs] verb [transitive] COMMERCE 1. if you lease something to someone, you give them the right to use it for a… …   Financial and business terms

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