# Lease liability

> Lease liability — The present value of the lease payments not yet paid, discounted at the rate implicit in the lease or, if not determinable, the incremental borrowing rate.

Source: https://lopifi.com/glossary/lease-liability
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is lease liability?** In accounting, lease liability means the present value of the lease payments not yet paid, discounted at the rate implicit in the lease or, if not determinable, the incremental borrowing rate.

## Words this system refuses for it

- rent payable

- **Category:** Fixed assets & leases
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Rendered by:** [lease-schedule](https://lopifi.com/md/components/lease-schedule)
- **Related:** incremental-borrowing-rate, liability