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imported>Doug Williamson |
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| A contract whereby the owner of an identified asset (the lessor) offers rights to use the asset to another party (the lessee) for a certain period.
| | When debt or finance is 'limited recourse', it means that the security rights of the lender or other finance provider are restricted. |
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| In return the lessee makes payments of pre-determined amounts to the lessor.
| | Limited recourse is an intermediate situation, in between full recourse, and non-recourse. |
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| == See also == | | == See also == |
| * [[Assets]] | | * [[Non-recourse]] |
| * [[Contract]] | | * [[Recourse]] |
| * [[Contract hire]]
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| * [[Contract purchase]]
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| * [[Dry]]
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| * [[Finance lease]]
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| * [[FLA]]
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| * [[Freehold]]
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| * [[Hire purchase]]
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| * [[Ijara]]
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| * [[Leasehold]]
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| * [[Lessee]]
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| * [[Lessor]]
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| * [[Operating lease]]
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| * [[Sale and leaseback]]
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| * [[Tenant]]
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| * [[Tenure]]
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| * [[Wet]]
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| ===Other links===
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| *[http://www.treasurers.org/node/8924 Students: A lesson on leases, The Treasurer, April 2013]
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| :''With lease accounting exam questions, the hard marks tend to be scored while easier marks are often missed.''
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| :''This article explains how to pick up points painlessly.''
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| [[Category:Corporate_financial_management]]
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| [[Category:Compliance_and_audit]]
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| [[Category:Treasury_operations_infrastructure]]
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Revision as of 15:24, 9 September 2017
When debt or finance is 'limited recourse', it means that the security rights of the lender or other finance provider are restricted.
Limited recourse is an intermediate situation, in between full recourse, and non-recourse.
See also
