IASB publishes Leases Project Update

In the interests of providing feedback to stakeholders, the IASB staff have published a short Project Update: Definition of a Lease (February 2015).
This document explains how a lease would be defined in the new Leases Standard based on the IASB’s decisions in redeliberations.

http://www.ifrs.org/Alerts/ProjectUpdate/Pages/Leases-project-update-February-2015.aspx