Difference between revisions of "Finance Lease"
From Open Risk Manual
Wiki admin (talk | contribs) (Created page with "== Definition == '''Finance Lease''' is a lease that transfers substantially all the risks and rewards of ownership to the lessee and is accounted for as an asset on the balan...") |
Wiki admin (talk | contribs) |
||
| Line 5: | Line 5: | ||
== See Also == | == See Also == | ||
| − | * [[ | + | * [[Operating Lease]] |
[[Category:Accounting]] | [[Category:Accounting]] | ||
[[Category:Financial Product]] | [[Category:Financial Product]] | ||
Latest revision as of 14:14, 31 May 2023
Definition
Finance Lease is a lease that transfers substantially all the risks and rewards of ownership to the lessee and is accounted for as an asset on the balance sheet of the lessee.
Also known as a capital or financial lease. Leases other than capital/financial/finance leases are operating leases.
