Off-balance sheet

Off-balance sheet (OBS) items is a term for assets or liabilities that do not appear on a company’s balance sheet. Although not recorded on the balance sheet, they are still assets and liabilities of the company. Off-balance sheet items are typically those not owned by or are a direct obligation of the company. For example, when loans are securitized and sold off as investments, the secured debt is often kept off the bank’s books. An operating lease is one of the most common off-balance items—Read more at Investopedia. Hayes, Adam. “Off-Balance Sheet (OBS).” 14 July 2019