Option History
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| Pub Version | Code | Option Name | Common | Date Created | Date Last Updated | Inactive |
|---|---|---|---|---|---|---|
| Definition | ||||||
| Version 3 | 2975 | Operating lease | U | 09/29/2004 | 04/14/2005 | N |
| A lease agreement in which the lessee is not required to pay the full costs of equipment and financing by the end of the lease period. Instead, the lessee may buy the equipment for its residual fair market value, or return the equipment to the lessor; also called a true lease. | ||||||
| Version 2 | 2975 | Operating lease | U | 09/29/2004 | 09/29/2004 | N |
| A lease agreement in which the lessee is not required to pay the full costs of equipment and financing by the end of the lease period. Instead, the lessee may buy the equipment for its residual fair market value, or return the equipment to the lessor; also called a true lease. | ||||||
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