(1) “Fixed assets” means property acquired by the Samish Indian Nation by purchase, lease, donation or surplus.

(2) “Sensitive” means fixed assets with the cost less than $5,000, which the General Manager or Tribal Administrator considers sensitive.

(3) “Equipment” means those assets comprising a wide variety of items including office equipment, machine tools, motor vehicles, etc.

(4) “Leased” means assets acquired by a lease, which transfers all the benefits, and risk inherent with ownership to the Nation. A lease must meet one or more of the following three criteria to qualify as a capital lease: