FOLIO Ontology

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Identification

IRI:
https://folio.openlegalstandard.org/RmhQ3nKmTrKWy38SI3PBeG
Label Synthetic Lease
Preferred Label N/A
Identifier N/A
Alternative Labels
Off-Balance-Sheet Lease Tax-Advantaged Lease

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.

Class Relationships

Sub Class Of

Is Defined By

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See Also

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Parent Class Of 0

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Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

Comment

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Description

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Notes

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Editorial Information

History Note

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Editorial Note

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Deprecated

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Source and Origin

No source or origin information available