金融英语考试之金融阅读辅导:国际租赁

  • 时间:2012-03-07 来源:http://edu.chinawuliu.com.cn 责任编辑:外语考试论坛

International leasing is a kind of commercial transaction much the same as any line of business in foreign trade. In general, there are two kinds of lease: Financial Lease and Operating Lease. Financial Lease: The lease covers substantially the anticipated economic life of the leased property and the written-down value of the property at the end of the lease is generally nil or nominal in terms of its original cost. Where the property is fully amortized, the lease is called a “full pay-out lease”。 The profit for the lessor is not therefore dependent on the residual value of the property at the end of the lease term. The lessee is usually responsible for the maintenance and the insurance of the property. A lease contract often contains a penalty clause for premature termination by the lessee, allowing compensation to the lessor for the loss of his anticipatory rent. Operating Lease: The lease covers only part of the economic life of the leased property, which is therefore not fully amortized. Theoretically speaking, it is a kind of “non-full pay-out lease”, where the residual value of the property forms quite a significant part of the lessor’ s profit. He is usually responsible for the maintenance and insurance of the property which he may be required to take back prematurely without penalty to the lessee, and therefore an operating lease is more costly in rent than a financial one. It is clear that a finance lessor regards himself as lending money to make profit in the form of interest, whereas an operating lessor regards himself as operating an asset to make profit from the operation. That is why an operating lessor is usually responsible for maintenance and insurance to keep the property in good order during the lease period. When an operating lease terminates, the lessor may continue leasing the property to the original lessee, but if the original lessee does not want to use the property any more, the lessor may release or sell it to another person so as to recover his investment from its residual value. If upon termination of the lease,the asset falls in price or becomes out of date,the lessor will then be unable to regain his investment,this being especially so with such equipment as electronic calculating machines which are constantly replaced by more advanced products.Hence,an operating lease is higher in rent than a financial lease.

New Words & Terms

leasing n.租赁营业;租赁 residual a.残剩的

lease n.租赁,租约 residual value残剩价值,残值

financial lease融资租赁 lessee n.承租人

operating lease经营租赁 maintenance n.维持,维护

substantially ad.现实上;大量地;殷实地 penalty n.罚金,违约金

penalty clause罚款条目 written down

n.减低(资产货色)的账面价值

premature a.未到期的 termination n.终止,满期

nil n.零,没有 anticipatory a.预期的,预付的

written-down value n.折旧后价值,减去折旧后的资产价值

rent n.房钱 anticipated a.估量的

non-full pay-out lease非全价租赁,非全额付清租赁

nominal a.名义的,票面上的 amortize v.分期了偿,摊提

terminate v.终止 full pay-out

lease全价租赁,全额付清租赁

recover v.收回;重获;填补 lessor n.出租人

electronic a.电子的

Phrases

dependent on依靠,依靠 keep…in good order连结精采的状况

take back收回 out of date过时

make profit盈利,获利

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