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Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 OBS

assumption of liability: term extracted from the “Glossaire de l’économie” and reproduced with permission of the Organisation for Economic Co-operation and Development.  2, record 1, English, - assumption%20of%20liability

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 OBS

prise en charge du passif : terme extrait du «Glossaire de l'économie» et reproduit avec l'autorisation de l'Organisation de coopération et de développement économiques.  2, record 1, French, - prise%20en%20charge%20du%20passif

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 DEF

A lease that, from the point of view of the lessee, transfers substantially all the benefits and risks incident to ownership of property to the lessee.  2, record 2, English, - capital%20lease

Record number: 2, Textual support number: 1 CONT

Normally, only assets which are legally owned by a company are recorded as fixed assets in their financial statements. Certain leases, however, are considered to be merely another means of financing the acquisition of an asset. In these cases, the lessee carries substantially all of the risks and benefits associated with property ownership. In those situations, the accounting profession has concluded that it is more appropriate to reflect the substance, rather than the form, of these transactions in financial statements. Consequently, leases of this type (referred to as capital leases) are recorded as if the lessee had actually acquired the asset and assumed a liability. The asset is recorded at its fair market value, and the liability is recorded as the present value of future lease payments.  3, record 2, English, - capital%20lease

Record number: 2, Textual support number: 1 OBS

Not to be confused with operating lease.  4, record 2, English, - capital%20lease

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 DEF

Du point de vue du preneur, contrat de location ayant pour effet de transférer au preneur pratiquement tous les avantages et les risques inhérents à la propriété du bien loué.  3, record 2, French, - contrat%20de%20location%2Dacquisition

Record number: 2, Textual support number: 1 OBS

Le bien loué figure à l'actif du bilan du preneur avec mention, au passif, de l'obligation correspondante prise en charge.  3, record 2, French, - contrat%20de%20location%2Dacquisition

Record number: 2, Textual support number: 2 OBS

Ne pas confondre avec contrat de location-exploitation.  4, record 2, French, - contrat%20de%20location%2Dacquisition

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 CONT

A capital lease is treated as an asset and is included as such on the balance sheet with a corresponding liability entry for the capital lease obligation.  3, record 3, English, - capital%20lease%20obligation

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 DEF

Obligation comparable à celle qui découle d’un emprunt, prise en charge par le preneur en vertu d’un contrat de location-acquisition(ou de location-financement) et devant figurer au passif du bilan du preneur.  1, record 3, French, - obligation%20d%C3%A9coulant%20d%27un%20contrat%20de%20location%2Dacquisition

Record number: 3, Textual support number: 1 OBS

Terme préféré du Financial Accounting Standards Board.  2, record 3, French, - obligation%20d%C3%A9coulant%20d%27un%20contrat%20de%20location%2Dacquisition

Record 3,  Textual support,  Spanish