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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Operating Lease  

Definition 1.

A lease contract that allows the use of an asset, but does not convey rights similar to ownership of the asset.
 

Definition 2.

A lease for which the lessee acquires the property for only a small portion of its useful life. An operating lease is commonly used to acquire equipment on a short-term basis. Any lease that is not a capital lease is an operating lease.
 
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