A tax-oriented equipment lease whereby the lessor achieves its desired rate of return through a combination of the rental payments, depreciation, and the fair market value of the equipment at the end [..]

Equipment lease in which the total periodic payments exceed the cost of the asset being leased. The lessor recovers, through the lease payments, all costs incurred in the lease plus an acceptable rate [..]

Interest rate that changes throughout the life of a loan.

Working relationship between an equipment leasing and financing company and an equipment vendor to provide financing to stimulate the vendor's sales. The equipment financing company leases or con [..]

Working relationship between an equipment leasing and financing company and an equipment vendor to provide financing to stimulate the vendor's sales. The equipment financing company leases or con [..]

Sometimes called economic life, useful life refers to the period of time during which an asset is usable and has economic value. To qualify as an operating lease, the property must have, at the end of [..]

System developed and adopted by nearly all states to protect secured parties' security interests in personal property.

Lease which is tax oriented and used exclusively for titled motor vehicles. TRAC derives its name from a clause in the contract: Terminal Rental Adjustment Clause. This clause adjusts the residual val [..]

Requirement for the lessee to pay any applicable taxes or fees related to the leased equipment including sales or use tax, or other taxes.

These entities (for federal income tax purposes) include: