Finance Lease
From Open Risk Manual
Revision as of 14:14, 31 May 2023 by Wiki admin (talk | contribs)
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.
