Operating Lease: Short-term, cancelable lease. A type of lease in which the contact period is shorter than the life of the equipment, and the lessor pays all maintenance and servicing costs.

 

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Operating Lease: Short-term, cancelable lease. A type of lease in which the contact period is shorter than the life of the equipment, and the lessor pays all maintenance and servicing costs.

Lease: A contract in which the legal owner of property or other asset agrees to another person using that property or asset in return for a regular specified payment (known as rent) over a set term . . . View Full Definition

Operating Profit: Another term for operating income.

Operating Profit (Or Loss): Revenue from a firm's regular activities less costs and expenses and before income deductions.

Operating Performance Ratio: An overall measure of the efficiency of operations during a period: computed by dividing net income by net sales.

Operating Leverage: Fixed operating costs, which are characterized as leverage because they accentuate variations in profits.

Operating Profit Margin: The ratio of operating profit to net sales.

Operating Ratio: A ratio that measures a firm's operating efficiency.

Partial Release: Partial Release is a mortgage provision allowing some of the pledged collateral to be released if certain requirements are met.

Partial Release Clause: A mortgage provision under which the mortgagee agrees to release certain parcels from the lien of the blanket mortgage upon payment of a certain sum of money by the mortgagor. The clause is . . . View Full Definition