Difference between revisions of "Combination lease"
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| − | [[Combination lease]] is a lease agreement that combines some aspects of both operating and financial leases. For example, a financial lease that contains a cancellation clause— normally associated with operating leases—is a combination lease. | + | [[Combination lease]] is a [[lease agreement]] that combines some aspects of both operating and financial leases. For example, a financial lease that contains a cancellation clause— normally associated with operating leases—is a combination lease. |
Latest revision as of 04:38, 8 December 2020
Combination lease is a lease agreement that combines some aspects of both operating and financial leases. For example, a financial lease that contains a cancellation clause— normally associated with operating leases—is a combination lease.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Combination lease. Combines some aspects of both operating and financial leases. For example, a financial lease that contains a cancellation clause— normally associated with operating leases—is a combination lease.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
