Operating Lease definitions

Operating lease

1) Business law
Found on https://www.crosswordclues.com/clue/operating-lease

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Operating lease

An operating lease is a lease whose term is short compared to the useful life of the asset or piece of equipment (an airliner, a ship, etc.) being leased. An operating lease is commonly used to acquire equipment on a relatively short-term basis. Thus, for example, an aircraft which has an economic life of 25 years may be leased to an airline for 5...
Found on http://en.wikipedia.org/wiki/Operating_lease

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Operating lease

A short-term lease that is often cancellable.
Found on http://wps.pearsoned.co.uk/wps/media/objects/1669/1709588/glossary/glossary

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Operating lease

Short-term, cancelable lease. A type of lease in which the contract period is shorter than the life of the equipment, and the lessor pays all maintenance and servicing costs.
Found on http://www.duke.edu/~charvey/Classes/wpg/bfgloso.htm

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Operating lease

Short-term, cancelable lease. A type of lease in which the period of contract is less than the life of the equipment and the lessor pays all maintenance and servicing costs.
Found on http://www.encyclo.co.uk/local/20047

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Operating Lease

A simple rental agreement.
Found on http://www.encyclo.co.uk/local/22398

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Operating Lease

A type of lease, normally involving equipment, classified as a rental not as a purchase over time. A
Found on http://www.encyclo.co.uk/local/22402

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Operating Lease

Short-term, cancelable lease. A type of lease in which the contact period is shorter than the life o
Found on http://www.encyclo.co.uk/local/22402

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Operating Lease

An arrangement in which a business leases equipment, cars, buildings, etc., for a period of time which is less than the expected useful life of the asset
Found on http://www.encyclo.co.uk/local/22643

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Operating Lease

The customer treats the lease payments as operating expenses. This type of lease is also known as an
Found on https://www.encyclo.co.uk/local/21672

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Operating Lease

The customer treats the lease payments as operating expenses. This type of lease is also known as an “Off Balance Sheet” lease since the obligation is not required to be noted on the the customer’s balance sheet as a long-term obligation.
Found on https://www.encyclo.co.uk/local/23103

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Operating Lease

An operating lease is a short-term?lease?or contract in which the?lessee?agrees to rent an asset from the lessor and the lessor retains the rights of ownership. In other words, an operating lease is a lease that is less than one year in length and the lessor always maintains ownership of the leased asset. Operating leases are also cancelable unlike...
Found on https://www.myaccountingcourse.com/accounting-dictionary/accounting-diction

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