operating lease
operating lease
Finance dictionary of financial terms
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Economics and finance
Definition of operating lease
operating lease: A cancellable contractual arrangement whereby the lessee agrees to make periodic payments to the lessor, often for five or fewer years, to obtain the use of an asset, generally, the total payments over the term of the lease are less than the lessor’s initial cost of the leased asset.
Source : http://foba.lakeheadu.ca/hartviksen/2039/Finance%20Dictionary.doc
link: http://foba.lakeheadu.ca/
Author : not indicated on the source document of the above text
Finance dictionary of financial terms
Finance dictionary of financial terms index
Definition and meaning of operating lease
Meaning of operating lease
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