A lease of property (esp. equipment) for a term that is shorter than the property’s useful life. • Under an operating lease, the lessor is typically responsible for paying taxes and other expenses on the property. Cf. LEASE-PURCHASE AGREEMENT.
operating lease 经营性租赁 一种财产租赁，尤其是设备租赁，其租期短于该财产的有效期间(使用寿命)。根据此种租赁合同，出租人负责交纳财产税和关于该财产的其他支出费用。
A method for financing the purchase of real estate, whereby the lender creates a special-purpose entity that buys the property and then leases it to the ultimate user (usu. a corporation). • A synthetic lease is treated as a loan for tax purposes and as an operating lease for accounting purposes, so that the “lessee”
A lease in which rent varies depending on future contingencies, such as operating expenses or gross income.
lease-purchase agreement. A rent-to-own purchase plan under which the buyer takes possession of the goods with the first payment and takes ownership with the final payment; a lease of property (esp. equipment) by which ownership of the property is transferred to the lessee at the end of the lease term. • Such a lease is
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Bureau of Prisons. The unit in the U.S. Department of Justice responsible for operating the federal prison system. • It oversees all federal penal and correctional facilities, assists states and local governments in improving their correctional facilities, and provides notice of prisoner releases.18 USCA §§ 4041 et seq. See NATIONAL INSTITUTE OF CORRECTIONS. — Abbr.
working interest. Oil & gas. The rights to the mineral interest granted by an oil-and-gas lease, so called because the lessee acquires the right to work on the leased property to search, develop, and produce oil and gas, as well as the obligation to pay all costs. See ROYALTY(2). — Also termed leasehold interest; operating
interesse termini (in-t[schwa]r-es-ee t[schwa]r-m[schwa]-nI). [Latin “interest of term or end”] Archaic. A lessee’s right of entry onto the leased property; esp., a lessee’s interest in real property before taking possession. • An interesse termini is not an estate; it is an interest for the term. It gives the lessee a claim against any person who
Federal Kidnapping Act. A federal law punishing kidnapping for ransom or reward when the victim is transported interstate or internationally. • The law presumes that a victim has been transported in violation of the law if the victim is not released within 24 hours. The Federal Kidnapping Act, by express provision, does not apply to
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