A Leveraged Lease Is Defined as A

A leveraged lease is defined as a:

A) Long-term lease in which the lessor borrows funds on a recourse basis.
B) Long-term lease in which the lessor borrows funds on a nonrecourse basis.
C) Short-term sale and leaseback arrangement that utilizes significant borrowed funds.
D) Long-term lease in which the lessee receives immediate cash and the use of the asset.
E) Short-term tax-oriented lease involving a recourse loan.