Glossary entry

Japanese term or phrase:

所有権移転外リース

English translation:

Leases where ownership is not transferred

Added to glossary by Wei Peng Loy
Jun 4, 2008 07:32
15 yrs ago
1 viewer *
Japanese term

所有権移転外リース

Japanese to English Bus/Financial Finance (general)
Is there an official translation for this? What does the 移転外 mean? Thanks!

Proposed translations

+1
18 mins
Selected

Leases where ownership is not transferred

The 外 part means "other than."

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Note added at 1 hr (2008-06-04 08:50:52 GMT)
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Title is good, too, as in cinefil's link.
Peer comment(s):

agree Ruth Sato : Yes, you are correct. I missed it.
4 hrs
neutral mstkwasa : I'm no lawyer so it is probably a silly question: in the jurisdictions I know, "leases" by definition do not transfer ownership or title but exclusive possession. // [Added] So wouldn't your suggestion be redundant?
15 hrs
Where I come from "lease-to-own" is common. If you terminate the lease you lose ownership, but if you continue leasing, eventually you will own the article or property in question.
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4 KudoZ points awarded for this answer. Comment: "Thanks"
4 mins

Ownership Transfer Lease

This is on Glova and I think it is pretty straightforward. Good luck!

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Note added at 4 hrs (2008-06-04 12:20:43 GMT)
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I'm sorry, Casey was correct about 外. So, I would change this to "Leases Other Than Ownership Transfers".
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