Definition
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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'operating lease' appears in the definitions of these other terms on BusinessDictionary.com: maintenance lease, off balance sheet, off balance sheet financing (OBSF), service lease, capitalization (cap), and 
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