SYNTHETIC LEASE Definition

SYNTHETIC LEASE is a transaction that appears, from an accounting standpoint, as a lease, but as a loan from a tax standpoint; resulting in an off-balance sheet account of the financing and the tax benefits that accompany the financed asset.

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BATCH is a collection of things or persons to be handled or processed together.

OASDI is Old-Age, Survivors, and Disability Insurance (US Social Security).

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