lease inception

基本解释

The term "residual value of the asset" refers to the fair value of the leased asset when the term of lease expires as estimated on the lease inception day.
资产余值，是指在租赁开始日估计的租赁期届满时租赁资产的公允价值。
fairylaw.com
The inception of the lease refers to the date of lease agreement or the date on which the parties to the lease make commitments to the key terms of lease, whichever is earlier.
租赁开始日，是指租赁协议日与租赁各方就主要租赁条款作出承诺日中的较早者。
fairylaw.com
In the case of the lessee, the present value of the minimum lease payments on the lease inception date amounts to substantially all of the fair value of the leased asset on the lease inception date;
承租人在租赁开始日的最低租赁付款额现值，几乎相当于租赁开始日租赁资产公允价值；
fairylaw.com