Difference between revisions of "Leasing"
From Open Risk Manual
Wiki admin (talk | contribs) |
Wiki admin (talk | contribs) |
||
| (One intermediate revision by the same user not shown) | |||
| Line 1: | Line 1: | ||
== 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. | ||
| + | |||
| + | == Service Domain == | ||
| + | Enables customers to finance equipment purchases using the leased item as collateral when necessary. | ||
| + | |||
== See Also == | == See Also == | ||
| Line 7: | Line 15: | ||
[[Category:Financial Product]] | [[Category:Financial Product]] | ||
| + | [[Category:BIAN Service Domain]] | ||
Latest revision as of 16:01, 11 June 2021
Contents
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.
Service Domain
Enables customers to finance equipment purchases using the leased item as collateral when necessary.
