Financial lease
Revision as of 00:18, 28 October 2019 by Gary (talk | contribs) (Created page with "Financial lease is a lease agreement that covers the entire expected life of the equipment; does not provide for maintenance service, is not cancellable, and is fully amor...")
Financial lease is a lease agreement that covers the entire expected life of the equipment; does not provide for maintenance service, is not cancellable, and is fully amortized.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Financial lease. Covers the entire expected life of the equipment; does not provide for maintenance service, is not cancellable, and is fully amortized.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
