{"iri":"https://folio.openlegalstandard.org/RmhQ3nKmTrKWy38SI3PBeG","label":"Synthetic Lease","sub_class_of":["https://folio.openlegalstandard.org/R8RfDzMtuMPdmNTonmhBxu"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":["Off-Balance-Sheet Lease","Tax-Advantaged Lease"],"translations":{},"hidden_label":null,"definition":"A Synthetic Lease is a financial arrangement that allows a company to lease an asset while maintaining the benefits of ownership for tax purposes, such as depreciation, without having the asset appear on the balance sheet as a liability. This structure is typically used for real estate or large equipment to improve financial ratios by keeping debt off the balance sheet.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}