Search Definitions

A guarantee made to a lessor by a party unrelated to the lessor that the value (or part of the value) of an underlying asset at the end of a lease will be at least a specified …

An asset that represents a lessee’s right to use an underlying asset for the lease term . …

A lease that, at the commencement date , has a lease term of 12 months or less. A lease that contains a purchase option is not a short-term …

A transaction for which an underlying asset is re-leased by a lessee (‘intermediate lessor’) to a third party, and the lease (‘head lease’) between the head lessor and lessee remains in …

An asset that is the subject of a lease , for which the right to use that asset has been provided by a lessor to a lessee . …

The difference between: (a)         the gross investment in the lease ; and (b)            the net investment in the lease . …

That portion of the residual value of the underlying asset , the realisation of which by a lessor is not assured or is guaranteed solely by a party related to the …

The portion of payments made by a lessee to a lessor for the right to use an underlying asset during the lease term that varies because of changes in facts or circumstances occurring after the commencement date , other than the passage of …

Carrying amount is the amount at which an asset is recognised after deducting any accumulated depreciation (amortisation) and accumulated impairment losses …

A cash-generating unit is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of …