Finance Lease definition
Finance Lease means any lease or hire purchase contract which would, in accordance with the Accounting Principles, be treated as a finance or capital lease.
Finance Lease means a lease with respect to which:
Finance Lease means, as applied to any Person, any lease of any property (whether real, personal, or mixed) by that Person as lessee that, in conformity with GAAP, is, or is required to be, accounted for as a finance lease on the balance sheet of that Person.
Examples of Finance Lease in a sentence
Interest on a Finance Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by a Financial Officer of the Borrowers to be the rate of interest implicit in such Finance Lease Obligation in accordance with GAAP.
More Definitions of Finance Lease
Finance Lease means any transaction representing the obligation of a lessee to pay rent or other amounts under a lease which is required to be classified and accounted for as a capital lease on the balance sheet of such lessee under GAAP.
Finance Lease means a lease with respect to which all of the following apply:
Finance Lease means any lease or hire purchase contract which would, in accordance with IFRS, be treated as a finance or capital lease.
Finance Lease means a “finance lease” in accordance with U.S. GAAP under FASB Accounting Standards Codification 842, Leases.
Finance Lease means, as to any Person, a lease of any Property by that Person as lessee that is, or should be recorded as a “finance lease” on the balance sheet of that Person prepared in accordance with Generally Accepted Accounting Principles.
Finance Lease has the meaning given to that term in Clause 22.1 (Financial definitions).
Finance Lease means a lease of any machinery or plant (including any arrangement or agreement in connection with the lease) which has the effect of transferring substantially the obsolescence, risks or rewards incidental to ownership of such machinery or plant to the lessee;