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. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment is also leased. | + | '''Leasing''' is the act of entering into a [[Contract]] whereby the lessee (user) pays the lessor (owner) for use of an asset. |
| + | |||
| + | == Examples == | ||
| + | * Property, buildings and vehicles are common assets that are leased. | ||
| + | * Industrial or business equipment is also leased. | ||
== See Also == | == See Also == | ||
Revision as of 20:11, 19 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.
Examples
- Property, buildings and vehicles are common assets that are leased.
- Industrial or business equipment is also leased.
