finance lease


finance lease
A British alternative term for *capital lease.

Auditor's dictionary. 2014.

Look at other dictionaries:

  • 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 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 — 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 — 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

  • 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 — 1 / lēs/ n [Anglo French les, from lesser to grant by lease, from Old French laisser to let go, from Latin laxare to loosen, from laxus slack] 1 a: a contract by which an owner of property conveys exclusive possession, control, use, or enjoyment… …   Law dictionary

  • finance leasing — In a finance lease the rental payments are calculated to reflect the cost of purchase of equipment and a financing/interest charge spread over the period of the lease. The lessor is the legal owner of the equipment and the lessee has possession… …   Law dictionary