Financing under which the customer (or lessee) pays for the use of assets (capital goods and equipment) in regular installments as the asset produces revenues Under a finance lease, a lessee can acquire use of an asset for most, if not all, of its useful life Under an operating lease, a lessee acquires use of an asset for a fraction of its useful life Sometimes the lessee has the option to purchase the asset at residual value upon termination of the lease term
Payment of a sum each month in return for the use of a vehicle instead of buying it outright The two basic types of leases are open-end leases, under which you pay an additional amount at the end of the term and acquire ownership of the vehicle; and closed-end leases, under which ownership reverts to the leasing agency at the end of the term
Contract granting use of real estate, equipment, or other fixed assets for a specified time in exchange for payment, usually in the form of rent The owner of the leased property is called the lessor, the user the lessee See Also: Capital Lease Operating Lease Sale and Leaseback
an alternative to traditional equipment financing, whereby the lessee pays rent on the equipment and makes monthly payments; see TRAC lease
Hiring and letting of movable or immovable products through a financing institution - known as a leasing company - or through the manufacturer of the products Leasing is a special form of financing Purchase using one' own resources, outside resources or mixed financing is replaced by rent or lease Possible variations of leasing may include: the period and redeemability of the leasing contract (financial and operating leasing), the position of the lessor (direct and indirect leasing) and the type of leased object (property leasing, product leasing and personal leasing), etc
(Otomotiv) Payment of a sum each month in return for the use of a vehicle instead of buying it outright. The two basic types of leases are open-end leases, under which you pay an additional amount at the end of the term and acquire ownership of the vehicle; and closed-end leases, under which ownership reverts to the leasing agency at the end of the term
An agreement under which the owner of an asset, against payment, guarantees the user the user right to the said asset for a given period
{i} act of renting out property for a specified period of time; possessing or occupying under the terms of a lease
The practice of contracting for the services of an asset rather than acquiring its ownership
A contract granting use of equipment or fixed asset for a specific time in exchange for a fixed payment The owner of the leased property is called the lessor and the user is the lessee
The practice by banks and bullion dealers of lending silver at an annual rate of interest, to jewelry manufacturers and other professional users of the metal to provide part of their working stock
the granting, under contract, of use of a product for an agreed upon period of time in return for a rental payment
Hiring equipment, such as a car or a piece of machinery, to avoid the capital cost involved in owning it In some companies it is advantageous to use capital for other purposes and to lease some equipment, paying for the hire out of income The equipment is then an asset of the leasing company rather than the lessor Sometimes a case can be made for leasing rather than purchasing, on the grounds that some equipment quickly becomes obsolete
Long time hire of equipment with a maintenance and replacement agreement for a fixed period of time
A method of financing the acquisition of assets, notably equipment, vehicles, plant, etc There are two forms of lease
An arrangement whereby one party obtains the right to use an asset for a fee paid to another party for a predetermined length of time 557