leased item

The leased item must be used in a Halal manner.

WikiLeaks: companies sold or leased items to businesses that were subject to trade sanctions, US cables show.

VenCore Solutions, which leased items such as radios and shelves to Hard Rock Park, continued its agreement with Freestyle Park.

Unlike traditional loans where the business is given funds to purchase the asset, capital leases rely on the lessor owning the leased item as collateral during the life of the lease, as well as other covenants.

Often when a startup circus would go bankrupt, Hall would get not only his leased items and animals back, but the rest of the failed business's assets as payment, which he in turn could lease out again for still more profit.

The current lease accounting rule sets out so-called bright-line tests to determine if a lease is a capital lease - and therefore the leased item should be reported as an asset and the required payments as a liability - or an operating lease.

In some circumstances, the lessee might nevertheless be required to record the leased item as an asset if the lessee intends to use the asset for a major portion of its useful life, or where the present value of the future lease payments is nearly equal to the fair value of the asset.