Definition: Contracts, leases and licences
European System of Accounts (ESA)
Recorded as assets when the following conditions are met:
(a) the terms of the contract, lease or licence specify a price for the use of an asset or provision of a service that differs from the prevailing market price; and
(b) one party to the contract can realise the price difference.
Source:
Eurostat, "European System of National and Regional Accounts - ESA 2010", Luxembourg, 2013
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