The IT Law Wiki

Capital lease

32,299pages on
this wiki
Add New Page
Talk0 Share

Definitions Edit

Business-962358 1920

A capital lease is

[a] lease other than a lease-purchase that transfers substantially all the benefits and risks of ownership to the lessee and does not meet the criteria of an operating lease.[1]
an agreement that conveys the right to use property, plant or equipment, usually for a stated period of time, that meets one or more of the criteria set forth by GAAP.[2]

References Edit

  1. A Glossary of Terms Used in the Federal Budget Process, at 27.
  2. Michigan Dept. of Tech., Management & Budget, 8000 Glossary (Jan. 6, 1997) (full-text).

Ad blocker interference detected!

Wikia is a free-to-use site that makes money from advertising. We have a modified experience for viewers using ad blockers

Wikia is not accessible if you’ve made further modifications. Remove the custom ad blocker rule(s) and the page will load as expected.

Also on Fandom

Random Wiki