{
  "url": "https://classa.info/glossary/lease-liability",
  "title": "Lease liability",
  "description": "Balance-sheet liability for the present value of future lease payments.",
  "oneSentenceAnswer": "Balance-sheet liability for the present value of future lease payments.",
  "tldr": [
    "Balance-sheet liability for the present value of future lease payments.",
    "Recognised under IFRS 16 / ASC 842."
  ],
  "keyFacts": {
    "category": "Accounting",
    "regionScope": "Global"
  },
  "pageType": "glossary",
  "lastUpdated": "2026-04-01T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/glossary/lease-liability), updated 2026-04-01T00:00:00.000Z."
}