Financial Accounting Standards Board 13 Financial Glossary

What is it? Statement number 13 of the Financial Accounting Standards Board (FASB) which establishes standards for lessees and lessors accounting and reporting for leases. This includes the characterization of a lease as an operating lease or capital lease for the lessees purposes.

Finance Term Definition Added By: Daniel

The Financial Accounting Standards Board 13 definition has been viewed 4122 Time(s)!

Send To Friends!

If you'd like to send the Financial Accounting Standards Board 13 definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Financial Accounting Standards Board 13. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Management Company is The professional manager of a private equity fund or funds.

Financial Term Footsie is Another name for the FTSE 100 Index, the index of the top 100 companies in the UK

Financial Term Cash Reserves is A cash amount sometimes required to be held in reserve in addition to the down payment and closing costs. The amount is determined by the lender.

Financial Term Bridging Loan is If a house purchase involves the sale of one property and the purchase of another its normally best if the two deals happen at exactly the same time. If this is not possible and the purchase of the second property happens before the sale of the first is completed then another loan may be needed. This additional loan is a called a bridging loan and bridges the gap between the two house transactions.

Financial Term Margin is An amount the lender adds to an index to determine the interest rate on an adjustable rate mortgage.