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 ?
16 November 2015 - Affiliates of UK property investment and development company Helical Bar plc and Crosstree Real Estate Partners have sold Empire House, part of The Bower at Old Street, to the Standard Life Investments Long Lease Fund for GBP 20.
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.
8 May 2013 - US diversified industrial company Trinity Industries Inc (NYSE:TRN) said it had formed a USD1bn (EUR763m) railcar leasing joint venture with Napier Park Railcar Lease Fund LLC and an unnamed additional co-investor.
The Agility Lease Fund III was organized and raised by Hal Hayden and Bill MacNamara over the course of four months.
8 May 2013 a[euro]" US diversified industrial company Trinity Industries Inc (NYSE:TRN) said it had formed a USD1bn (EUR763m) railcar leasing joint venture with Napier Park Railcar Lease Fund LLC and an unnamed additional co-investor.
M2 EQUITYBITES-23 February 2010-Pegasi Energy Resources Corp enters into USD4m lease fund agreement(C)2010 M2 COMMUNICATIONS http://www.
Part of assignments via the Ministry of Finance will be levied for creation of the lease fund.
This capital fund is paired with master lease fund project ZA143C.
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.
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.
BM Lease funds, he said, were directed to the sectors of industry, telecommunications, and real estate development.