<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/RmhQ3nKmTrKWy38SI3PBeG">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/R8RfDzMtuMPdmNTonmhBxu"/>
  <rdfs:label>Synthetic Lease</rdfs:label>
  <skos:altLabel>Off-Balance-Sheet Lease</skos:altLabel>
  <skos:altLabel>Tax-Advantaged Lease</skos:altLabel>
  <skos: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.</skos:definition>
</owl:Class>