the process of maintaining financial records

the official rules on how to draw up the balance sheet (IAS, HGB, US GAAP)

all related expenses to an investment.

The all-inclusive purchase or acquisition value. This includes all related expenses.

Accounting: To add an asset to the balance sheet.

A paragraph added to fit new conditions (e.g. adjustment of interest)

A fixed recurring payment where the capital / interest content varies

examination of the asset (mainly about its condition and present and future value) usually done by the lessor

The value of the belongings that a company owns or controls.

the act of  transferring receivables from a deptee to another person or company, which become the new deptee

assignment of movables as security for a loan

A person or company which examines accounts and their underlying records and gives an opinion on their accuracy. They will state whether or not in their opinion the accounts give a "true and fair view" of a company's position.

a legally binding assurance that an obligation or debt will be settled by the bailer

a statement of the assets and liabilities of the company

a detailed examination (or report) of the balance sheet

leasing companies > 50% of shares owned by banks

a provision allowing the lessee to purchase the equipment for a price that is substantially lower than the (expected) fair market

minimum lease period as stipulated in the lease contract.

a written promise to pay a fixed amount of money at a fixed date in the future to anybody who presents the draft

der in der Buchaltung / Bilanz dargestellte Wert eines Vermögensgegenstandes (korrigiert durch Abschreibung )

a tax which has to be paid by companies to a local authority (based on profit).

period of time which is the basis for a calculation

counting of payment flow (amount and dates) for a lease

that part of the (lease) instalment which relates to the capital repayment

repayment of the capital loaned

The companies that produce the leasing object and provide leasing are within the same group or organisation.

written confirmation in which the lessee attests that the asset has been delivered, is acceptable and is working correctly according to ist specifications

Public registry of companies

an amount of money to be paid to someone in respect of arranging a business contact and / or the sale of goods or services

a method of calculating interest whereby accumulated interest is periodically added to the principal and then itself commences to bear interest

the time during which the contract is valid

an assessment of credit worthiness (the balance sheet analysis is one of the sources)

ability of a company or a person to pay back its debts

A lease agreement, where the lessee and the lessor are located in different  countries.

procedure for recovery of  debts

the amount in %  of the (periodic) reduction of the values or the periode in which the depreciation will be applied // accounting method for counting the loss of the value of an asset by using it

Contracts disturbed by non performance of one party, e.g lessee doesn't pay

interest charge for late payment

period of time in which the supplier delivers the product / service

money deposited, against which a creditor has a legal claim in the event of non-payment

the (periodical) reduction  of the (book) values of assets (straight line or declining)

Permission for a third party to withdraw / transfer certain amounts at certain intervals from one's bank account.

the formal request either by form or other means of instruction allowing a direct debit to take place

Business contacts / Leasing contracts as a direct transaction between lessee and lessor without intermediaries

a calculation method to calculate the worth of a payment in the future to a point of time wich is before the payment time, including the interest yield

A factor used as a multiplier to convert a future cash flow to its present value

the act of formally ending a lease contract (before end of the contract), calcualtion of the  remaining rates and   maturing liabilities

The act of formally ending a business arrangement before (agreed) conclusion.

The amount of money that is paid at up front.

The amount that is paid up front (fully repayment, lowers the amount financed)

The date on which a certain payment or agreed action falls due.

duration using an asset in an economic way

ownership based on an unrestricted usage. this can differ from the legal ownership. In finance lease contracts normally the economic ownership is at the lesse whereas the legal ownership is with the lessor.

Interest rate in % for a client including all cost

general check performed by the lessor of the lessee, supplier, leased object and contract to ascertain the business worth of the application

the rate at which one currency can be exchanged to another

the risk that exists  by the variability of exchange rates

an additional period of time during which the contract is still valid

A right given to the lessee to extend the leasing contract for an additional period of time

a price that can be achieved by selling an item / service on the market

The last in a series of payments, which is defined as a final payment.The amount can be different to the other rates

A lease of an asset having where substantially all of the risks and benefits of owning the assets pass to the lessee.

objects handled as movable assets with regards to tax- and ownership law although not movable

Property or machinery device which a company owns and uses for longer periods for the economic activities (opposite: current assets)

contractually fixed interest for a period of time

Leasing of a complete car fleet.

A package of services designed to manage the car fleet of a company.

The purchase / selling of receivables with or without recourse.

a lease in which the lessor recovers all costs incurred in the lease by the lease payments

Leasing enriched with service components (e.g. maintenance, fleet management)

an insurance covering "all" risks

an insurance to cover the difference between the market value of the leased  asset and the value of the outstanding leasing instalments

standardised terms and conditions of a contract in addition to the individual terms)

the leased asset together with the requirement of the lease contract are taken-over by the lessee

Leasing computers, peripherals and accessories

contract  where the hirer automatically becomes the owner of the asset by paying the last instalment (not popular in the CEE markets, only if necessary for collecting  subsidies from the government)

International Accounting Standard / International Financial Reporting Standards are international accounting standards for companies, decided and issued by the International Accounting Standards Board (IASB).  Basis for compareable balance sheets in the international businesses.

payment made at the start of any payment period

Purchase price excluding VAT

business enterprises and individuals that are unable to pay debts as they fall due

the periodic rental payment to a lessor for the use of the asset

a way of buying goods or using services by regularly paying fixed amounts over a period of time

buying goods by regularly paying installments over a period of time (similar to a loan)

payment made by a borrower for the use of money (calculated asset percentage of the capital borrowed)

payment made by a borrower for the use of money

adaption of the agreed interest rate to the actual interest rate (contract agreement)

that part of the (lease) instalments which relates to the interest charge

payment made in exchange for borrowing money usually stated as a percentage rate

e nominal interest rate, underlied in a loan or lease contract

the action buying assets to be used for commercial activities like production or services

to encourage investment through rewards or bonuses

aid or subsidies to stimulate economic activities and growth in certain sectors or geographic areas

vehicle lease contract based/calculated on (duration and) kilometres / miles

a formal (binding) offer to conclude a lease contract issued by a potential lessee

the asset/object that is leased

regulations that are stated in the lease contract

usually a formal (written) agreement in which the lessor conveys the use of an asset to the lessee for a (specific) period of time at a predetermined rate

there are several types of lease contract such as finance lease (full pay-out or with residual value)  and operating lease

period of time during which the contract is valid

The ability of an object to be used for leasing purposes as defined in tax and legal regulations

leasing of movable objects according to tax law definition

the party to a lease agreement who has legal and/or tax title to the equipment and grants the lessee the right to use the equipment for the lease term

a written commitment by a holding company to influence a subsidiary to cover their debts as they fall due

Lending of a capital amount with or without interest normally with specified repayment in a certain period of time.

Lending of a capital amount with or without interest normally with specified repayment in a certain period of time.

lease contract with a public body as lessee

the servicing that is required to keep an object in good working condition

The amount of money that has to be paid on closing the contract.

the basic value of a leasing calculation or the present value of payments or instalments to be received in the future

a lease in which the lessor does not recover through the lease payments all costs incurred in the lease and therefore a residual value remains
(covered by the lessee)

fiscal expression for the period of amortisation

the contractual duty of a lessee to give back the leased asset

   assets and business cases which do not appear on the balance sheet

the value that is not amortised during the lease period and where the market risk is borne by the lessor

any lease that is not a capital lease / finance lease; the lessor bears most of the economic risks and rewards

a (pre-determined) price for the purchase of the leased object upon the termination of the lease contract

the right to choose a defined right (e.g. purchase right)

The amount of money that is paid at up front.

Payment due at the end of the period (mostly month)

object of value that a deptor leaves as security. It can be used (sold) if the deptor is not able to pay his depts

Revenues gained by the lessor through selling the leased assets after the termination of the leasing contract

The right to buy assets (at the end of the lease term).

a provision by which a lessee has the right to purchase the equipment normally at the end of the lease

lessor's right to force the lessee to purchase the equipment at a certain date (end of contract) for a defined price.

fund-raising, to be able to place loans / leasing as a purpose of a company

One party  declines to accept the terms of a contract or the contract as a whole

every leasing asset has to be re-marketable to a third party. Custom made assets normally do not have a second hand market, there is no demand of a third party, therefore such objects often are not leasable

a formal and firm promise of a third party to buy back the leased object (usually issued by the manufacturer or dealer)

the cancellation of a contract / defined in the contract or by mutual agreement of the contract parties

the remaining value of an asset /  not depreciated value of an asset

the value that is not amortised during the lease period

the risk relating to the difference between the residual value and the relevant market value

statement of date, condition and place for returning of the leased asset

the owner sells assets / properties to a leasing company and then leases it back

the amount of money that has been gained from selling an asset

a person or company that offers business and/or business information in return for a margin

put option

An instruction to a bank to make payments of a predetermined amount on specific dates

lessee rents a leased asset to a third party

a company or person that provides a particular product or service (producer / dealer / importer)

the act of providing goods / services

Economic units which a company owns and uses for longer periods for the economic activities >> fixed assets

Invitation to make a formal offer to provide goods / services (mostly public sector)

Lease contracts usually have a defined duration and can not be cancelled before the expiry date, exept both parties mutually agree. To terminate the contract before the expiry date is possible if one party does not fullfil the obligations (e.g.  Lessee does not pay)

any conditions which relate to the payment of the purchase price to the seller of an object

a type of insurance where coverage for injury or damage to a third party is provided

To enter into an existing purchase contract as the buyer.

the period of time during which an asset will have economic value and be usable

sales tax on goods and services according the value added tax system (tax based on the added value of goods)

Leasing as an instrument of sales promotion. Leasing is offered by the manufacturer itself, a subsidiary, a joint venture or a related leasingcompany

legal requirements against the seller, based on the sales contract, if the delivered goods are inadequate (for the first 6 month the burden of proof is with the seller)  Legaly 24 month or defined in the contract.

corresponds to the quality / function / life period of a procuct for a defined periode (mostly 6 months); it is a voluntary service of a manufacturer or a dealer

the party that has the right to use the equipment for the lease term