Difference between revisions of "Leasing"
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== Definition == | == Definition == | ||
| − | '''Leasing''' is the act of entering into a [[Contract]] whereby the lessee (user) pays the lessor (owner) for use of an asset. | + | '''Leasing''' is the act of entering into a [[Contract]] whereby the lessee (user) pays the lessor (owner) for use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment is also leased. |
== See Also == | == See Also == | ||
Revision as of 12:22, 10 May 2021
Definition
Leasing is the act of entering into a Contract whereby the lessee (user) pays the lessor (owner) for use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment is also leased.
