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.
by Kung-Fu Jesus April 30, 2004
Get the finance lease mug.by guess_whoo June 2, 2007
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by mandingoe April 13, 2004
Get the finance mug.Greedy, dishonest person who takes advantage of the situation in a financial transaction.
Refers to how Jacob in the old testament cheated his brother out of his birthrights.
Derogatory about rich jews who got their riches by cheating others.
Refers to how Jacob in the old testament cheated his brother out of his birthrights.
Derogatory about rich jews who got their riches by cheating others.
by shonny October 9, 2007
Get the finance jew mug.And of course, this word's spelling can be altered slightly from "financé" to "financeé", to refer to a lady who's engaged to a gold-digging guy, and who is viewed by him as merely a meal-ticket and/or the means to a more-fluent lifestyle
by QuacksO July 14, 2019
Get the financé mug.someone who desperately wants to be rich and will always talk about stocks and other finance garbage.
will likely repost edits of andrew tate and other richy rich douches who post videos of their stupid courses
will likely repost edits of andrew tate and other richy rich douches who post videos of their stupid courses
by Xur345687 May 17, 2023
Get the Finance bro mug.1. (v) The act of burying one's financial position in many layers of dreams.
2. (n) Any subconscious financial portfolio.
3. (n) Any massively confusing or arbitrary financial magic.
2. (n) Any subconscious financial portfolio.
3. (n) Any massively confusing or arbitrary financial magic.
Bob- "Where's your retirement fund?"
Jim- "When 2008 came around, I pulled some finanception...so I'm good!"
Bob- "You better hope to die in your early fifties."
Jim- "When 2008 came around, I pulled some finanception...so I'm good!"
Bob- "You better hope to die in your early fifties."
by Holacromium March 6, 2012
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