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Financial Terms | |
Full-service lease |
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Definition of Full-service leaseFull-service leaseAlso called rental lease. lease in which the lessor promises to maintain and insure the
Related Terms:Accounting and Auditing Enforcement Release (AAER)Administrative proceedings or litigation releases that entail an accounting or auditing-related violation of the securities laws. Break-even lease paymentThe lease payment at which a party to a prospective lease is indifferent between Capital leaseA lease obligation that has to be capitalized on the balance sheet. Capital leaseA lease in which the lessee obtains some ownership rights over the asset Capital LeaseOne where substantially all of the benefits and risks of ownership are transferred to the lessee. It must be reflected on the company's balance sheet as an asset and corresponding liability. Concentration servicesMovement of cash from different lockbox locations into a single concentration Cost of lease financingA lease's internal rate of return. ![]() Debt serviceInterest payment plus repayments of principal to creditors, that is, retirement of debt. Debt-service coverage ratioEarnings before interest and income taxes plus one-third rental charges, divided Debt service parity approachAn analysis wherein the alternatives under consideration will provide the firm Direct leaselease in which the lessor purchases new equipment from the manufacturer and leases it to the Double-dip leaseA cross-border lease in which the disparate rules of the lessor's and lessee's countries let Financial leaseLong-term, non-cancelable lease. Financial Leaselease in which the service provided by the lessor to the lessee is limited to financing equipment. All other responsibilities related to the possession of equipment, such as maintenance, insurance, and taxes, are borne by the lessee. A financial lease is usually noncancellable and is fully paid out amortized over its term. Full costThe cost of a product/service that includes an allocation of all the (production and Full-Cost MethodA method of accounting for petroleum exploration and development expenditures ![]() full costingsee absorption costing Full coupon bondA bond with a coupon equal to the going market rate, thereby, the bond is selling at par. Full Credit PeriodThe period of trade credit given by a supplier to its customer. Full EmploymentThe level of employment corresponding to the natural rate of unemployment. Full-Employment OutputThe level of output produced by the economy when operating at the natural rate of unemployment. Full faith-and-credit obligationsThe security pledges for larger municipal bond issuers, such as states and Full-payout leaseSee: financial lease. Full priceAlso called dirty price, the price of a bond including accrued interest. Related: flat price. Fully diluted earnings per sharesEarnings per share expressed as if all outstanding convertible securities Fully modified pass-throughsAgency pass-throughs that guarantee the timely payment of both interest and grade (of product or service)the addition or removal of product ![]() Index Portfolio Rebalancing Service (IPRS)Index Portfolio Rebalancing service (IPRS) is a comprehensive investment service that can help increase potential returns while reducing volatility. Several portfolios are available, each with its own strategic balance of Index Funds. IPRS maintains your personal asset allocation by monitoring and rebalancing your portfolio semi-annually. Information servicesOrganizations that furnish investment and other types of information, such as Internal Revenue ServiceA federal agency empowered by Congress to interpret and enforce tax-related laws. LeaseA long-term rental agreement, and a form of secured long-term debt. leaseLong-term rental agreement. Lease (Credit Insurance)Contract granting use of real estate, equipment or other fixed assets for a specified period of time in exchange for payment. The owner or a leased property is the lessor and the user the lessee. Lease PaymentThe consideration paid by the lessee to the lessor in exchange for the use of the leased equipment/property. Payments are usually made at fixed intervals. Lease RateThe payment per period stated in a lease contract. Lease RateThe payment per period stated in a lease contract. Leasehold improvementThis is any upgrade to leased property by a lessee that will be Leasehold improvementsThe cost of improvements made to property that the company leases. Leveraged leaseA lease arrangement under which the lessor borrows a large proportion of the funds needed Limitation on sale-and-leasebackA bond covenant that restricts in some way a firm's ability to enter into Litigation ReleaseOfficial SEC record of a settlement or a hearing scheduled before a civil McNamara-O'Hara Service Contract Act of 1965A federal Act requiring federal contractors to pay those employees working on a federal contract at Net leaseA lease arrangement under which the lessee is responsible for all property taxes, maintenance Non-financial servicesInclude such things as freight, insurance, passenger services, and travel. Operating leaseShort-term, cancelable lease. A type of lease in which the period of contract is less than the Operating leaseThe rental of an asset from a lessor, but not under terms that would Operating LeaseOne where the risks and benefits, as well as ownership, stays with the lessor. Product/service mixSee sales mix. Rental leaseSee:full-service lease. Safe harbor leaseA lease to transfer tax benefits of ownership (depreciation and debt tax shield) from the Sale and lease-backSale of an existing asset to a financial institution that then leases it back to the user. Sale and LeasebackAn agreement in which the owner of a property sells that property to a person or institution and then leases it back again for an agreed period and rental. Sales-type leaseAn arrangement whereby a firm leases its own equipment, such as IBM leasing its own Sales-type Leaselease accounting used by a manufacturer who is also a lessor. Up-front gross service companyan individual or firm engaged in a high or moderate degree of conversion that results in service output service departmentan organizational unit that provides one or more specific functional tasks for other internal units Service RevenueRevenue recognized from the provision of services as opposed to the sale of service timethe actual time consumed performing the functions Short-term investment servicesservices that assist firms in making short-term investments. True leaseA contract that qualifies as a valid lease agreement under the Internal Revenue code. Uniformed Services Employment and Reemployment Rights Act of 1994A federal act that minimizes the impact on people serving in the Armed Forces Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |