Definitions for "Leveraged lease"
Where the lessor obtains the funds to purchase the leased asset from a third party on a non-recourse basis.
A lease in which the lessor/owner purchases the equipment by making a specified equity investment and finances the remaining balance through a long term lender (or lenders). To be considered a leveraged lease, the financing provided by the lender must be substantial to the transaction, and be provided without recourse to the lessor.
A specific form of lease involving at least three parties: a lessor, lessee and funding source. The lessor borrows a significant portion of the equipment cost on a nonrecourse basis by assigning the future lease payment stream to the lender in return for up-front funds (the borrowing). The lessor puts up a minimal amount of its own equity funds (the difference between the equipment cost and the present value of the assigned lease payments) and is generally entitled to the full tax benefits of equipment ownership.
Keywords:  lien, letter, administration
lien Letter of Administration