Accounting, legal and tax definitions regarding leases are slightly different. Which of the following accounting, legal, or tax terms refers to something different than the other choices?

Question

Quizplus · Accepted Answer

A full payout lease is different because it refers to a lease where the lessor recovers the full cost of the leased asset, plus a return on investment, through the lease payments. The other terms relate to different classifications or treatments of leases for tax or accounting purposes.

Accounting, Legal and Tax Definitions Regarding Leases Are Slightly Different