Definition for : Leasing

Leasing, one of the financing techniques, allows a company to use some of its operating Fixed assets (i.e. buildings, plant and other Fixed assets) under a rental system. In certain cases, the company may purchase the asset at the end of the contract for a pre-determined and usually very low amount. A leasing transaction is called a Lease. There are finance Leases and operating Leases.
(See Chapters 7, 22 and 36 of the Vernimmen)
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