- True Lease
- A specific type of multi-year lease which does not pass on ownership rights of the asset to the lessee. A true lease is an arrangement where the lessor (the person granting the lease) bears both the risks and rewards of ownership of the property. The lessee merely gets to use the property in a rental fashion.
True leases stand in contrast to financial leases. Financial leases pass more of the aspects of ownership on to the lessee, such as maintenance and tax benefits from depreciation. Financial leases are often treated as loans by the IRS, whereas true leases are not.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
true lease — see lease Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
true lease — A legal term for a transaction that is intended by the parties to be an actual lease of personal property rather than a conditional sale. American Banker Glossary A contract that qualifies as a valid lease agreement under the Internal Revenue… … Financial and business terms
True lease — A contract that qualifies as a valid lease agreement under the Internal Revenue code. The New York Times Financial Glossary … Financial and business terms
lease — 1 / lēs/ n [Anglo French les, from lesser to grant by lease, from Old French laisser to let go, from Latin laxare to loosen, from laxus slack] 1 a: a contract by which an owner of property conveys exclusive possession, control, use, or enjoyment… … Law dictionary
Lease — A lease is a legal document, but can be an oral arrangement, which confers a right on one person (called a tenant or ) to possess property belonging to another person (called a landlord or lessor) to the exclusion of the owner landlord. The… … Wikipedia
Lease Rate — The amount of money paid over a specified time period for the rental of an asset, such as real property or an automobile. The lease rate that the lender earns from allowing someone else to use his property compensates him for not being able to… … Investment dictionary
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Mary Elizabeth Lease — (1853–1933) was an American lecturer, writer, and political activist. She was an advocate of the suffrage movement as well as temperance but she was best known for her work with the Populist party. She was born to Irish immigrants Joseph P. and… … Wikipedia