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Definition of Lessee
An entity that leases an asset from another entity.
The entity that contracts to make rental payments to a lessor in exchange for the
A person to whom a lease is granted; the user of the asset.
Gives the lessee the option to purchase the asset at a price below fair market
Lease in which the lessor purchases new equipment from the manufacturer and leases it to the
A cross-border lease in which the disparate rules of the lessor's and lessee's countries let
Certificates issued by a trust that was formed to purchase an asset and lease it
A lease arrangement under which the lessee is responsible for all property taxes, maintenance
A lease to transfer tax benefits of ownership (depreciation and debt tax shield) from the
A lease in which the lessee obtains some ownership rights over the asset
This is any upgrade to leased property by a lessee that will be
One 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.
Lease 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.
The 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.
Contract granting use of real estate, equipment, or other fixed assets for a specified time in exchange for payment, usually in the form of rent. The owner of the leased property is called the lessor, the user the lessee.
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.
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