1020 definitions by Kung-Fu Jesus
by Kung-Fu Jesus May 20, 2004
by Kung-Fu Jesus May 2, 2004
A finance lease is where a loaned asset is (in most cases) pimped to one party for the useful lifetime of it.
In the accounts of business, it is recorded much the same as a hire-purcase agreement. It is reocrded in the balance sheet (as at <date>) as the cost of the fixed asset (excluding interest) less the provision for dep'n. It is also recorded in the trading profit and loss account (for year ended <date>) as interest due for the year and the dep'n.
The balance sheet also record finance leasing as a liability for future payments (excluding intrest), see accruals, shared betwixt current liabilities and long-term liabilities.
In the accounts of business, it is recorded much the same as a hire-purcase agreement. It is reocrded in the balance sheet (as at <date>) as the cost of the fixed asset (excluding interest) less the provision for dep'n. It is also recorded in the trading profit and loss account (for year ended <date>) as interest due for the year and the dep'n.
The balance sheet also record finance leasing as a liability for future payments (excluding intrest), see accruals, shared betwixt current liabilities and long-term liabilities.
We have secured a finance lease.
by Kung-Fu Jesus April 30, 2004
by Kung-Fu Jesus April 21, 2004
(n.) A 30 year old man who hangs around with teenagers who think he's cool.
(n.) A type of haircut resembling that of the tv guy.
(n.) A type of haircut resembling that of the tv guy.
by Kung-Fu Jesus July 21, 2004
by Kung-Fu Jesus April 17, 2004
A belief that in one way or another you are always inferior ot others, usually on a physical attribute. This prevents oen from ascending Maslow's hierarchy of needs.
He holds an inferiority complex against himself because he is 5'6".
She has an inferiority complex about her small breasts.
She has an inferiority complex about her small breasts.
by Kung-Fu Jesus June 24, 2004