Search Definitions

Either the period over which an asset is expected to be economically usable by one or more users or the number of production or similar units expected to be obtained from an asset by one or more …

The date when both parties agree to a lease modification . …

For the purpose of applying the lessor accounting requirements in this Standard, the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length …

A lease that transfers substantially all the risks and rewards incidental to ownership of an underlying asset . …

Payments made by a lessee to a lessor for the right to use an underlying asset during the lease term , excluding variable lease payments …

The sum of: (a)             the lease payments receivable by a lessor under a finance lease ; and (b)            any unguaranteed residual value accruing to the …

The earlier of the date of a lease agreement and the date of commitment by the parties to the principal terms and conditions of the …

Incremental costs of obtaining a lease that would not have been incurred if the lease had not been obtained, except for such costs incurred by a manufacturer or dealer lessor in connection with a finance …

The rate of interest that causes the present value of (a) the lease payments and (b) the unguaranteed residual value to equal the sum of (i) the fair value of the underlying asset and (ii) any initial direct costs of the …

A contract, or part of a contract, that conveys the right to use an asset (the underlying asset ) for a period of time in exchange for …