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operationele serviceleasing

English translation: operating service lease


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:operationele serviceleasing
English translation:operating service lease
Entered by: xxxjarry
Options:
- Contribute to this entry
- Include in personal glossary

18:33 Jul 15, 2004
Dutch to English translations [PRO]
Law/Patents - Law: Contract(s) / lease agreement
Dutch term or phrase: operationele serviceleasing
"In overweging nemende, dat:
1. [Partij A] personen- en/of bedrijfsauto's nodig heeft en voor zowel de aanschaf als voor het beheer van de auto's en beijbehorende uitrusting gebruik wil maken van *operationele serviceleasing* van auto's en overige dienstverlening door [Partij B]."

This term appears in a lease agreement. I have found a few hits for 'operational service leasing' as a collocation, but would be open to some confirmation or other solutions. TIA, Rob
Robert Kleemaier
Local time: 20:16
operating service leasing
Explanation:
Please note: NOT 'operational' in English!

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Note added at 7 mins (2004-07-15 18:41:24 GMT)
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http://www.investorwords.com/3461/operating_lease.html
Operating lease
A lease for which the lessee acquires the property for only a small portion of its useful life. An operating lease is commonly used to acquire equipment on a short-term basis. Any lease that is not a capital lease is an operating lease.


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Note added at 8 mins (2004-07-15 18:42:21 GMT)
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I think \'operating service lease\' would be better than \'operating service leasing\'.

--------------------------------------------------
Note added at 35 mins (2004-07-15 19:08:53 GMT)
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http://bufdg.niss.ac.uk/groups/as/practice_part5.html
STATEMENT OF RECOMMENDED PRACTICE, ACCOUNTING FOR FURTHER and HIGHER EDUCATION INSTITUTIONS
Application of Accounting Standards - Note of Relevant SSAPs, FRS\' and UITF (Urgent Issues Task Force) abstracts
This note is provided to assist institutions in determining the relevance of SSAPs and FRS\', but because new standards are issued regularly, it is important that Finance Directors refer to the latest information provided by the Accounting Standards Board, including UITFs, which have the same force as SSAPs and FRS\'.
Institutions must follow all applicable SSAPs and FRS\' and guidance from the Accounting Standards Board. The following list is a guide to the standards most likely to be relevant.

SSAP 21: Accounting for leases and HP Contracts
This will apply to institutions. Where contracts are treated as operating leases, para 43 of this SSAP needs to be considered in terms of the proper allocation to accounting periods over the period of the lease.



--------------------------------------------------
Note added at 43 mins (2004-07-15 19:17:14 GMT)
--------------------------------------------------

Writeaway: See http://www.isco-pipe.com/products_services/pipe_mcelroy.asp for \"operating serice lease\"
Download ISCO’s Equipment and Operating Service Lease as a compressed rich text file.










--------------------------------------------------
Note added at 1 hr 35 mins (2004-07-15 20:09:32 GMT)
--------------------------------------------------

http://66.102.11.104/search?q=cache:ReJ2a0mP2WAJ:www.usmsc.e...

REQUEST FOR PROPOSALS (RFP) FOR THE UNIVERSITY SYSTEM OF MARYLAND AND THE MARYLAND EDUCATION ENTERPRISE CONSORTIUM (MEEC) FOR
THE PURCHASE AND/OR LEASE OF MICROCOMPUTER HARDWARE, PCS,
LAPTOPS AND SERVERS
1. Operating/Service Lease 1a) Monthly Payments – Lease Origination FY ‘2002 Offeror shall complete the table in Appendix H by providing an applicable Operating Lease Rate Factor (see definitions in section IV, F, 2 a., Category 2, A. Definitions) for each possible combination of lease term and equipment type, using a monthly payment schedule for leases originating during the term July 1, 2001 – June 30, 2002.
Selected response from:

xxxjarry
South Africa
Local time: 05:16
Grading comment
Great, thank you , Jarry. But I believe Writeaway's point is valid. To be safe, I've placed it between quotation marks and flagged it for our client.
3 KudoZ points were awarded for this answer



Summary of answers provided
4 +2operating service leasingxxxjarry
2a question for the man in the moon-here's some info fwiw
writeaway
3 -1operational service leasing
Fabio Descalzi


  

Answers


5 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): -1
operational service leasing


Explanation:
The source term can be found as well as "operationele service leasing", written separately.


Fabio Descalzi
Uruguay
Local time: 00:16
Works in field
Native speaker of: Native in SpanishSpanish

Peer comments on this answer (and responses from the answerer)
disagree  xxxjarry: Operational lease is NOT standard English terminology.
4 mins
  -> Understood! Thanks for the remark.
Login to enter a peer comment (or grade)

22 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5
a question for the man in the moon-here's some info fwiw


Explanation:
for some strange reason operational lease and service lease appear on thousands of NL sites (a Dutch speciality?).but also on good ol' native anglo sites. HOWEVER: operational service lease is only on NL sites. go figure.

. Financial Lease
(a) Non-cancelable and remains in effect for most of the useful life of the equipment.
(b) Agreements usually are from three to seven years, with five years the average.
(c) Responsibilities associated with ownership - such as insurance and
maintenance and repairs - are the duty of the lessee (MIT). Although
the lessee assumes these responsibilities, ownership of the equipment
remains with the lessor (leasing company).
(d) A provision may be included in the agreement, which allows the
lessee to purchase the equipment when the lease expires at either fair
market value or for 10% (+/-) of the original equipment cost.

2. Operational Lease
(a) Cancelable and generally remains in effect for a short time period -
less than the useful life of the equipment.
(b) Agreements usually are for a number of months or one year, with an
option to extend for a number of months or an additional year.
(c) Agreements may provide purchase option privileges - the application
of a small portion of payments made to the outright purchase of the
equipment during the lease period.
(d). Following the expiration of one agreement, the lessor (leasing
company, manufacturer, or vendor) is generally able to lease the
equipment to another party, and following the expiration of that
agreement, to another party - until the useful life of the equipment has been consumed
web.mit.edu/controller/procurement/pdf/3.10.pdf

University of Nottingham: Lease or Buy?
... The University's policy in relation to Photocopiers is that equipment should be obtained on an operational lease under the terms of an official contract which ...
nottingham.procureweb.ac.uk/leasing


writeaway
Local time: 05:16
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 99

Peer comments on this answer (and responses from the answerer)
neutral  xxxjarry: 'Operating lease' = A lease other than a finance (NOT financing) lease (SSAP 21, para. 17). See my answer link for "operating service lease" below.
5 mins
  -> I actually haven't given an answer-just info. it's clear a financial lease and operating lease are not the same. but I found 00 hits for operating service lease.
Login to enter a peer comment (or grade)

4 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
operating service leasing


Explanation:
Please note: NOT 'operational' in English!

--------------------------------------------------
Note added at 7 mins (2004-07-15 18:41:24 GMT)
--------------------------------------------------

http://www.investorwords.com/3461/operating_lease.html
Operating lease
A lease for which the lessee acquires the property for only a small portion of its useful life. An operating lease is commonly used to acquire equipment on a short-term basis. Any lease that is not a capital lease is an operating lease.


--------------------------------------------------
Note added at 8 mins (2004-07-15 18:42:21 GMT)
--------------------------------------------------

I think \'operating service lease\' would be better than \'operating service leasing\'.

--------------------------------------------------
Note added at 35 mins (2004-07-15 19:08:53 GMT)
--------------------------------------------------

http://bufdg.niss.ac.uk/groups/as/practice_part5.html
STATEMENT OF RECOMMENDED PRACTICE, ACCOUNTING FOR FURTHER and HIGHER EDUCATION INSTITUTIONS
Application of Accounting Standards - Note of Relevant SSAPs, FRS\' and UITF (Urgent Issues Task Force) abstracts
This note is provided to assist institutions in determining the relevance of SSAPs and FRS\', but because new standards are issued regularly, it is important that Finance Directors refer to the latest information provided by the Accounting Standards Board, including UITFs, which have the same force as SSAPs and FRS\'.
Institutions must follow all applicable SSAPs and FRS\' and guidance from the Accounting Standards Board. The following list is a guide to the standards most likely to be relevant.

SSAP 21: Accounting for leases and HP Contracts
This will apply to institutions. Where contracts are treated as operating leases, para 43 of this SSAP needs to be considered in terms of the proper allocation to accounting periods over the period of the lease.



--------------------------------------------------
Note added at 43 mins (2004-07-15 19:17:14 GMT)
--------------------------------------------------

Writeaway: See http://www.isco-pipe.com/products_services/pipe_mcelroy.asp for \"operating serice lease\"
Download ISCO’s Equipment and Operating Service Lease as a compressed rich text file.










--------------------------------------------------
Note added at 1 hr 35 mins (2004-07-15 20:09:32 GMT)
--------------------------------------------------

http://66.102.11.104/search?q=cache:ReJ2a0mP2WAJ:www.usmsc.e...

REQUEST FOR PROPOSALS (RFP) FOR THE UNIVERSITY SYSTEM OF MARYLAND AND THE MARYLAND EDUCATION ENTERPRISE CONSORTIUM (MEEC) FOR
THE PURCHASE AND/OR LEASE OF MICROCOMPUTER HARDWARE, PCS,
LAPTOPS AND SERVERS
1. Operating/Service Lease 1a) Monthly Payments – Lease Origination FY ‘2002 Offeror shall complete the table in Appendix H by providing an applicable Operating Lease Rate Factor (see definitions in section IV, F, 2 a., Category 2, A. Definitions) for each possible combination of lease term and equipment type, using a monthly payment schedule for leases originating during the term July 1, 2001 – June 30, 2002.


xxxjarry
South Africa
Local time: 05:16
Specializes in field
Native speaker of: English
PRO pts in category: 209
Grading comment
Great, thank you , Jarry. But I believe Writeaway's point is valid. To be safe, I've placed it between quotation marks and flagged it for our client.

Peer comments on this answer (and responses from the answerer)
agree  Andre de Vries
18 mins
agree  writeaway: ok, but.....can you find a second hit? :-)
47 mins
Login to enter a peer comment (or grade)




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