financial lease

Financial lease

Capital Lease

A long-term lease in which the lessee must record the leased item as an asset on his/her balance sheet and record the present value of the lease payments as debt. Additionally, the lessor must record the lease as a sale on his/her own balance sheet. A capital lease may last for several years and is not callable. It is treated as a sale for tax purposes. It is also called a financial lease.

financial lease

References in periodicals archive ?
Electronic auction: provision of financial lease (leasing) services for the road marking machine "shmel 11a" based on the "gazel 3302" (or equivalent)
Al Tawfeek for Financial Lease (AT Lease) is targeting new financial lease contracts worth EGP 1.
In practice, a Financial Lease comes into play when one party (who will be the lessee) desires to make use of machinery and equipment needed for the exercise of their business, or when they need to modernize the equipment they already posses while not having the money necessary to purchase such equipment.
Reference: LLC "Financial Company for Support and Development of Credit Unions" is engaged in providing loans to credit unions, including financial leasing, forfeiting and factoring, in terms of maturity, repayment and payment of their own funds, as well as borrowing from financial institutions and government of Kyrgyzstan; conducts operations in the financial lease with members of credit unions of Kyrgyzstan with the obligatory participation of credit unions in the financing of operations on financial lease.
The package also includes approval of registration applications for ledger books and is compatible with the tax revisions for financial lease bookkeeping (for the fiscal year 2007) as required by the Japanese tax system.
A financial lease is a long-term lease in which the present value of the stream of payments at the inception of the lease approximates the market value of the asset; such a lease is essentially similar to the purchase of the asset using credit.
Electronic auction: provision of financial lease (leasing) services for buses operating on gas engine fuel, in the amount of 13 units in 2018-2020.
However, the Yarmouth Report suggests that the underlying financial lease terms need to be adapted so that their economic worth to an institutional investor can be more readily quantified and analyzed on a standardized basis.
Contract notice: "delivery under the financial lease of a new combined loader-loader for the needs of kostenets municipality".
Contract notice: 10 new or new T100 M3 / III motorbuses with raised comfort level with financial lease agreement.

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