Final answer:
Off-balance-sheet financing is an attempt to borrow money in a way that minimizes the reporting of debt on the balance sheet, but it does not eliminate the underlying financial obligations.
Step-by-step explanation:
Off-balance-sheet financing is an attempt to borrow money in a way that minimizes the reporting of debt on the balance sheet. This can be done through various financial arrangements, such as leases or partnerships, where the debt is not recorded as a liability on the balance sheet. However, while it may help reduce the apparent debt on the balance sheet, it does not eliminate the underlying financial obligations.