📝 One-liners · 66 cards
EQUIPMENT LEASING OR LEASE FINANCING
What is equipment leasing in the context of finance?
Equipment leasing is a contractual arrangement where the owner (lessor) of an asset grants another party (lessee) the right to use the asset for a specified period in exchange for periodic rental payments.
What is the concept of 'full service lease' in lease financing?
Lessor provides maintenance, insurance, and other services along with asset.
Who is a lessor in a lease financing arrangement?
The lessor is the owner of the asset who gives it on lease to the lessee and receives periodic lease rentals as consideration for the use of the asset.
What is a 'net lease' in the context of equipment leasing?
Lessee bears all costs of maintenance, insurance, and taxes on the asset.
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