TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

CAPITAL LEASE OBLIGATION [1 record]

Record 1 2008-06-19

English

Subject field(s)
  • Financial Accounting
  • Law of Contracts (common law)
  • Property Law (civil law)
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.

French

Domaine(s)
  • Comptabilité générale
  • Droit des contrats (common law)
  • Droit des biens et de la propriété (droit civil)
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.

OBS

Terme préféré du Financial Accounting Standards Board.

Spanish

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