📝 One-liners · 72 cards
Equipment Leasing
Lessor?
The party which owns the property and grants the right to use it.
Lessee?
The party which gets the right to use the asset against payment of rent.
Lease Rental?
The agreed periodic payment made by the lessee to the lessor for use of the property.
Lease Term?
The fixed period for which the lessee has the right to use the asset.
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