operating lease
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 Webster's Finance Dictionary |
operating lease definition - business
operating lease
A short-term lease (such as that of a cable television connection box on a monthly basis) in which rental payments are made by the lessee and full ownership rights are kept by the lessor. An operating lease contrasts with a capital lease, in which ownership of the asset effectively passes from the lessor to the lessee.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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MLA Style
"operating lease." Business. 2009
- Your Dictionary. 5 July 2009
- <www.yourdictionary.com/business/operating-lease>
APA Style
operating lease. (2009). In Business
- Retrieved July 5th, 2009, from www.yourdictionary.com/business/operating-lease
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