Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Define the term Finance Leases.
Expert Solution
Step 1
Lease is an agreement where one party permits or give rights to another party to use their land, building, machinery, etc. for specific period of time and consideration.
Step 2
The person who allows another party is called as lesser whereas the person who uses the land or property for some specific time period is called as lessee.
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