On 11.04.09, In Leasing Terms, by Celso
An operating lease is a lease where the lessee makes the payments for the fixed term of the lease without any intention of owning the equipment at the end of the lease. This means that the lessor will be stuck with the equipment at the end of the lease. In a operating lease (a true lease), the lessee should be able to legally deduct their payments as a rental expense.
