equipment lease

equipment lease
A lease is granted by the owner of property or equipment to allow a person to have a possession of and use it for a fixed period in return for a periodic rental payment. The leasing cost is the total rental price over the period of the lease and is often measured against the capital cost of the equipment together with the financing cost such as the equivalent interest on the capital over the period of the lease.

Easyform Glossary of Law Terms. — UK law terms.

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  • equipment lease — ➔ lease2 * * * equipment lease UK US noun [C] FINANCE ► a financial arrangement in which an organization lends equipment to a company for a specific period of time in return for regular payments: »I fell into arrears on my office equipment lease… …   Financial and business terms

  • Equipment lease assignment — Equipment Lease Agreements typically contain language prohibiting the Lessee from assigning the lease to a third party. For example, YOU HAVE NO RIGHT TO SELL, TRANSFER, ASSIGN, SUBLEASE, OR ENCUMBER THE EQUIPMENT OR THIS AGREEMENT protects the… …   Wikipedia

  • lease — a legal contract covering the possession and use of property, plant or equipment between the owner ( lessor) and another person ( lessee) at a given rent, for a stated length of time. Glossary of Business Terms A contract providing for the use of …   Financial and business terms

  • Lease — A long term rental agreement, and a form of secured long term debt. The New York Times Financial Glossary * * * ▪ I. lease lease 1 [liːs] verb [transitive] COMMERCE 1. if you lease something to someone, you give them the right to use it for a… …   Financial and business terms

  • lease — 1 / lēs/ n [Anglo French les, from lesser to grant by lease, from Old French laisser to let go, from Latin laxare to loosen, from laxus slack] 1 a: a contract by which an owner of property conveys exclusive possession, control, use, or enjoyment… …   Law dictionary

  • lease — /li:s/ noun 1. a written contract for letting or renting a building, a piece of land or a piece of equipment for a period against payment of a fee ● to rent office space on a twenty year lease ♦ the lease expires next year or the lease runs out… …   Dictionary of banking and finance

  • lease — I UK [liːs] / US [lɪs] noun [countable] Word forms lease : singular lease plural leases ** a legal contract in which you agree to pay to use someone else s building, land, or equipment for a specific period of time • a new lease of life II UK… …   English dictionary

  • equipment trust certificates — A common type of secured corporate bond. For these bonds, a collateral interest in equipment or machinery provides extra protection for bond holders. In most cases, the equipment that is pledged to secure the bonds is equipment or machinery that… …   Financial and business terms

  • lease — lease1 [ lis ] noun count ** a legal contract in which you agree to pay to use someone else s building, land, or equipment for a specific period of time a new lease on life 1. ) new energy and enthusiasm or better health: Taking up golf in his… …   Usage of the words and phrases in modern English

  • lease — 1 noun (C) 1 a legal agreement which allows you to use a car, building etc for a period of time, in return for rent: take out a lease (=sign a lease so that you can rent something): We ve taken out a lease on an office building. 2 a new lease of… …   Longman dictionary of contemporary English

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