Search Definitions

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 …

Payments made by a lessor to a lessee associated with a lease , or the reimbursement or assumption by a lessor of costs of a lessee …

A change in the scope of a lease , or the consideration for a lease, that was not part of the original terms and conditions of the lease (for example, adding or terminating the right to use one or more underlying assets , or extending or shortening the …

The non-cancellable period for which a lessee has the right to use an underlying asset , together with both: (a)             periods covered by an option to extend the lease if the lessee is reasonably certain to exercise that option; and (b)            …

An entity that obtains the right to use an underlying asset for a period of time in exchange for consideration. …

The rate of interest that a lessee would have to pay to borrow over a similar term, and with a similar security, the funds necessary to obtain an asset of a similar value to the right-of-use asset in a similar economic …