Question

what is operating lease?​

Answer 1

Answer:

The expression " operating lease" is somewhat confusing as it has a different meaning based on the context that is under consideration. From a product characteristic stand point, this type of a lease, as distinguished from a finance lease, is one where the lessor takes residual risk.

Answer 2

Answer:

Operating Lease' Definition:Operating lease is a contract wherein the owner, called the Lessor, permits the user, called the Lesse, to use of an asset for a particular period which is shorter than the economic life of the asset without any transfer of ownership rights......□□