Sentences with phrase «finance lease»

As mentioned above, academies should not enter into finance leases as they represent borrowing.

Without gap insurance, you'll be unable to finance another lease if you can not pay up the debt.

It also maintains a portfolio of leveraged and direct finance leases.

This account is predominantly long - term capital and finance lease obligations.

Finally, it is crucial to remember that while academies may enter into operating leases, they are not normally permitted to enter into finance leases.

If you have a VAT registered business you could choose finance leasing.

Traditionally, finance has been found from partners, bank loans and through finance leases.

That's why the dealer or the bank financing the lease requires you to buy collision and comprehensive coverage, in addition to the liability insurance that's required by your state.

Finance Lease restrictions For both maintained schools and academies, the use of finance leases continues to be prohibited without the consent of the Secretary of State for Education (SSE).

Assets that are sometimes lent with interest include money, shares, consumer goods through hire purchase, major assets such as aircraft, and even entire factories in finance lease arrangements.

Smelting & Mining: AGP has been serving major smelters for over ten years, providing advice on finance leasing and export financing, supporting corporate transactions, such as capacity upgrading projects, and ensuring regulatory compliance.

Revenue from the sale of 78,534 oz of gold was $ 127.3 million, boosting Saracen's cash position to $ 45.2 million from $ 30.6 million after spending $ 24.6 million on growth capital and exploration, $ 4.3 million to repay finance leases, and $ 2.7 million to complete the acquisition of Kailis from St Barbara.

In the heart of U.S. oil country several dioceses and other Catholic institutions are leasing out drilling rights to oil and gas companies to bolster their finances

Operating & finance leases Operating leases are useful if the lessee needs the equipment to be updated or replaced frequently as: they run for shorter, specific periods shorter than the full economic life of the asset; the lessee is not liable for financing of the asset's full value; the lessee has use of the equipment, but not full ownership; and because the residual value belongs to the lessor.

Operating lease vs finance lease The justification for leasing in schools appears to be irrefutable, if government guidance is clear and only reputable financial service providers are used.

Even finance leases for minibuses may need approval by the funding and regulatory agency.

The tales regarding ill judged finance leases and expense fiascos will need to end.

Finance leases count as borrowing — and the normal policy of the funding and regulatory agency (currently) is that academies should not be granted permission to borrow.

The Andre Agassi College Preparatory Academy, a K — 12 school, has been around since 2001 in the tennis player's hometown of Las Vegas; in subsequent years, through an investment venture, Agassi has helped finance the leasing and construction of at least 39 charter - school buildings in 12 different cities.

This offer is extended to individuals or businesses that currently own or lease a MY05 or newer Audi model (proof of ownership required) who finance their lease or purchase through Audi Financial Services.

Represented two public companies as lessees in master finance lease transactions for several corporate aircraft.

Leases will appear on a company's financial statement as though the company had purchased and financed the leased asset.

4 Capex includes a FY GBP 310 K of finance leases, and ignores any actual / potential property, plant & equipment sales.

As debt - equity ratio is a measure of financial risk, it makes more sense to calculate the ratio using only finance - related liabilities (i.e. interest - bearing liabilities) such as borrowings from financial institutions, debentures, redeemable preference shares and finance lease obligations.

Because their debt service costs are rather appalling... UNG has GBP 1.1 mio in finance leases / discounting at an avg.

Although no specific prohibition against finance leases is contained in the Education Act 2002 or the School Finance Regulations for maintained schools, nor under the Academies Act 2010 for academies, finance leases (as distinct from operating leases) are identified in the Prudential Code for Capital Finance in Local Authorities as «credit arrangements» for capital finance.

However, for schools, government policy treats an operating lease as a hiring agreement, but a finance lease is treated as a borrowing agreement for capital finance.

In contrast, a finance lease will be for a specific longer period considered to be the full economic life of the asset.

In almost every case these requirements preclude use of finance leases in state schools, although some might argue that finance leases can offer better value for money than operating leases.

For a finance lease, it records both expenses and the asset on its balance sheet.

Schools are therefore not allowed to take out a finance lease which can be likened to a loan.

However when the Department for Education (DfE) sets its own regulations on leasing, limiting schools to expensive operating leases rather than finance leases, school's hands are tied.

With leases, the first thing to get clear is the difference between a finance lease and an operating lease.

It is important to note that the test for whether a lease is a finance lease or an operating lease depends on the substance of the transaction rather than its form (or description).

The important point about a finance lease is that it counts as borrowing — and the normal policy of the funding and regulatory agency is that academies should not be granted permission to borrow.

Operating and finance Also be aware that there are two main types of leases — operating and finance — a general difference of which is that an operating lease would be used if the customer only needed the equipment for a certain period rather than its entire working life, whereas under a finance lease, the full value of the item would be paid over the lease period.

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incident to ownership.

An academy would therefore need explicit approval for any borrowing, both short - term borrowing (including overdraft facilities) and medium / longer - term loans from the private sector (including finance leases or hire purchase agreements), where such borrowing is to be repaid from a government grant or secured on assets funded from government grant.

It views a finance lease as the «equivalent to you committing the school to a loan», while an operating lease «involves the school paying a rental fee for the hire of an asset for a period of time, similar to a rental agreement.»

Finance leasing is generally used for assets with a longer life and repayments are divided into principal and interest components, usually with a residual payment at the end of the lease after which you own the asset.

** Volkswagen of America, Inc. will pay a $ 500 Contract Bonus when customers eligible for the College Graduate Program lease or purchase a new, unused Volkswagen vehicle through participating dealers and finance the lease or purchase through Volkswagen Credit from May 10, 2018 to January 2, 2019.

** Volkswagen of America, Inc. will pay a $ 500 Contract Bonus when customers eligible for the College Graduate Program lease or purchase a new, unused Volkswagen vehicle through participating dealers and finance the lease or purchase through Volkswagen Credit from January 3, 2018 to January 2, 2019.

** Volkswagen of America, Inc. will pay a $ 750 Contract Bonus when customers eligible for the College Graduate Program lease or purchase a new, unused Volkswagen vehicle through participating dealers and finance the lease or purchase through Volkswagen Credit from May 30, 2018 to June 4, 2018.

Represented lessor of material handling equipment in development and documentation of several lease arrangements, from short term rental to operating leases with maintenance to finance leases.

We also have extensive experience of aviation litigation including all forms of dispute resolution, disputes arising out of operating and finance leases and disputes arising out of termination of leases.