Definitions for "Tax Lease"
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.