The Car and Truck Fleet and Leasing Management Magazine

Former President of Industrial Leasing Dies

October 22, 2002

Meacham Hitchcock, former president of Industrial Leasing Corp., passed away on Sept. 25, 2002, at age 75. Industrial Leasing Corp. was acquired by Leaseway Corp. He is survived by his wife, two sons and a daughter, and three grandchildren.
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Terminology used in the United States and Canada to denote a financing type lease which is required to be "capitalized," i.e., the leased equipment must be recorded on the Lessee's balance sheet as assets with corresponding liabilities.

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