Tax Lease Financial Glossary

What is it? A generic term for a lease in which the lessor takes the risk of ownership (as determined by various IRS pronouncements) and, as the owner, is entitled to the benefits of ownership, including tax benefits.

Finance Term Definition Added By: Trinity

Send To Friends!

If you'd like to send the Tax Lease 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 Tax Lease. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Third mortgage is Similar to a second mortgage. See also second mortgage under mortgage.

Financial Term Refinance is Paying off an existing loan with the proceeds from a new loan, usually of similar size but on better terms and/or with a new lender. In order to decide whether this is worthwhile, the savings in interest must be weighed against the fees associated with refinancing.

Financial Term Variable Interest Rate is Variable interest rates change over time. They are calculated by taking the published prime rate (which varies) and adding a fixed percentage or margin on top. For example, a variable rate may be the prime rate plus 3.9 percent.

Financial Term vintage CMO is A collateralized mortgage obligation (CMO) backed by seasoned mortgage securities.

Financial Term Resident Population is The assessment of the number of people living in the area. This is a measure used by the Government to determine levels of local authority funding. For 2005/2006 it is based on the number of adults as at 30 June 2003 for each authority, as estimated by the Registrar General and adjusted for boundary changes in force from 1 April 2004 to 31 March 2005.