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long-term lease

Defined in 1 dictionary — U.S. Code

United States Code

10 U.S.C. § 8633 — in this section (2 versions over time)

In this section, the term “long-term lease” means a lease, bareboat charter, or conditional sale agreement with respect to a vessel the term of which (including any option period) is for a period of 20 years or more.

26 U.S.C. § 4002 — for purposes of this subchapter

For purposes of subparagraph (A), the term “long-term lease” means any long-term lease (as defined in section 4052).

26 U.S.C. § 4052 — for purposes of this section

For purposes of this section, the term “long-term lease” means any lease with a term of 1 year or more. In determining a lease term for purposes of the preceding sentence, the rules of section 168(i)(3)(A) shall apply.

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