Originally Posted by schlong hauler
Can one of the more financially literate readers explain what off balance sheet debt is? Is it like my wife's credit card being in her name yet I have to pay for it and yet I don't have the debt allocated to me.
Off-Balance-Sheet Financing Definition | Investopedia
Operating leases for aircraft, GSE, would fall into this category. They are an operating expense, the actual asset is owned by another.
So, in the spirit of the thing, if your wife purchases items such a lingerie that you benefit from and you pay a price (not necessarily $$$) for then perhaps yes, the credit card debt is off your balance sheet!
I'm sure the Enron boys would be able to manage it for you somehow!!