Definitions
2.  In these Regulations —
“leveraged lease” is a finance lease the parties to which include a lessor, lessee and one or more long-term creditors who provide a substantial part of the financing for the acquisition of the leased machinery or plant without any recourse to the lessor for the repayment of the loan;
“limited use asset” means any machinery or plant —
(a)for which there is no other user;
(b)where it is not commercially feasible for the lessor to lease the machinery or plant to another user; or
(c)where the costs of dismantling and reassembling the machinery or plant are so high as to render a subsequent lease not economically viable;
“sale and lease-back transaction” means a transaction where the asset is sold and subsequently leased back to the seller.