Advertising

Operating lease

• Short-term, cancelable lease. A type of lease in which the period of contract is less than the life of the equipment and the lessor pays all maintenance and servicing costs.

• A cancellable contractual arrangement whereby the lessee agrees to make periodic payments to the lessor, often for five or fewer years, to obtain the use of an asset; generally, the total payments over the term of the lease are less than the lessor's initial cost of the leased asset.

 
 Embedded terms in definition
 Asset
Contract
Lease
Lessee
Lessor
Type
 
 Related Terms
 

<< Operating income Operating leverage >>

Getting Your Finances Ready for Your Golden Years: If you're seriously considering retirement, you also should be seriously thinking about how to ensure that your financial life is as comfortable and stress-free as possible. Here are a few tips. More...

Integrity without knowledge is weak and useless, and knowledge without integrity is dangerous and dreadful. - Samuel Johnson

Advertising



Copyright 2009-2019 GVC. All rights reserved.