A TRAC lease which splits the residual risk between the lessor and the lessee. Sometimes referred to as 89/11 (89% risk absorbed by lessee and 11% risk absorbed by lessor) or 87/13. Used to achieve operating lease for lessee.
SPLIT TRAC
Meaning of SPLIT TRAC in English
Finance-Leasing English vocabulary. Английский словарь финансов и лизинга. 2012