operating lease

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.

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词条贡献者

双语律师Wayne，国际知名法学院法律专业，擅长翻译各类与遗产及遗嘱争议相关的法律文件。