Definition
Leasing is the act of entering into a Contract whereby the lessee (user) pays the lessor (owner) for use of an asset.[1] 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.[1] Property, buildings and vehicles are common assets that are leased. Industrial or business equipment is also leased.
