an agreement between a lessor and the lessee that allows the
A lease that has the characteristics of a purchase agreement, and also meets certain criteria established by Financial Accounting Standards Board. Such a lease is required to be shown as an asset and a related obligation on the balance sheet of the lessee
A lease in which the lessor takes on the risks of ownership (as determined by various IRS pronouncements) and, as such, is entitled to the benefits of ownership, including tax benefits. Also referred to as a Fair Market Value lease.
A tax-oriented lease, in which, for IRS purposes, the lessor qualifies for the tax benefits of ownership and the lessee is allowed to claim the entire amount of the lease rental as a tax deduction.
A lease where the lessor recognizes the tax incentives provided by the tax laws for its investment and ownership of equipment. Generally, the lease rate factor on tax leases is reduced to reflect the lessor's recognition of this tax incentive.
A generic term for a lease in which the lessor takes the risk of ownership (as determined by various IRS pronouncements) and, as the owner, is entitled to the benefits of ownership, including tax benefits.
A Lease that meets IRS guidelines by allowing the Lessor to claim ownership tax benefits and the Lessee to deduct the full Rental for tax purposes.