lease fund

Lease Fund

A mutual fund that invests predominantly or exclusively on the receivables from lease agreements. Because there is little or no secondary market for leases, the fund must directly purchase the leases in the fund. A lease fund operates much like a bond fund, but with shorter maturities for the underlying assets.

lease fund

An investment company that invests the shareholders' money in lease obligations. A lease fund is very similar to a bond fund except that the maturities of its investments are shorter. Because leases do not have an active secondary market, the fund manager must secure outside agreements to buy the leases in case the shareholders redeem their shares.
References in periodicals archive ?
The Oil & Gas Lease Fund was originally envisioned by Maurice "Doc" Goddard as a means to reinvest revenues from gas drilling on public lands in conservation and recreation.
Recently, however, Oil & Gas Lease Fund revenues have increasingly funded DCNR's core government operations.
Part of assignments via the Ministry of Finance will be levied for creation of the lease fund.
The current approach - jamming regulatory changes, a drilling fee, local government control issues, and restructuring the Oil and Gas Lease Fund into the same legislation - forces legislators to accept the lowest common denominator, pleasing no one but the drilling industry," said Jan Jarrett, president and CEO of PennFuture.
Restructure the Oil and Gas Lease Fund to wisely invest its revenues in a legacy fund to ensure the Commonwealth has the financial resources in the future for ongoing conservation of our air, land, and water, especially for the state park and forest systems.
This capital fund is paired with master lease fund project ZA143C.
5 million from the state's Oil and Gas Lease Fund (OGLF) as operational budget monies for the Department of Conservation and Natural Resources (DCNR), the largest replacement of general funds with oil and gas lease funds in the DCNR budget to date.
The Agility Lease Fund III was organized and raised by Hal Hayden and Bill MacNamara over the course of four months.
Greg Vitali of Delaware County, Democratic chairman of the House Environmental Resources and Energy Committee, said the difference between the department's overall fund appropriation and its oil and gas lease fund adjustment is "kind of shocking.
When the General Assembly created the Oil and Gas Lease Fund in 1955, they committed a funding stream to reinvest in the magnificent system of public conservation lands they inherited from their predecessors.
provides proof of funds and lease funds for a minimum of $10 million to $50 billion plus.
announced today that on August 12, 2005, Quad City Bank and Trust Company, a wholly-owned bank subsidiary of the Company, entered into a Unit Purchase Agreement with John Engelbrecht, the President and Chief Executive Officer of M2 Lease Funds LLC ("M2").