An operating lease meets all requirements of FASB 13
In the context of cars and other passenger vehicles, under an operating lease the lessor leases the vehicle to the lessee for a fixed monthly amount, and also assumes the residual value risk of the vehicle. This provides a way to lease a vehicle where the cost of the vehicle is known in advance - however, operating leases can be an expensive option as there is a risk premium priced into the monthly repayments.
New Jersey hospital used taxable notes to finance operating lease deal.(Hackensack, New Jersey, University Medical Center)
Aug 07, 1996; In a structure that experts say will become more common, the Hackensack, N.J., University Medical Center recently raised about...