Lesson60 seconds
What is Lease Liability?
The debt-like amount you owe for renting property or equipment.
Step 1 of 9
Simple Definition
Lease liability is the present value of future lease payments owed under lease contracts.
Explanation level
Tap a persona to hear the same idea in a totally different voice.
Try “Like I'm 5™” for a picture-book version - not the grown-up wording above.
Notebook
Your notes
Notes save automatically on this device
Knowledge graph
Done Here Next