| 释义 |
True lease True leaseA contract that qualifies as a valid lease agreement under the Internal Revenue Code.True LeaseA multi-year lease in which the lessee maintains residence or usufruct of the leased property or asset while the lessor may claim a tax deduction on depreciation. Likewise, the lessee may claim a capital expense deduction. An operating lease in which the lessor repossesses the property or asset at the end of the lease is a primary example of a true lease. |