lease
Isaac Kremer/ January 14, 2018/ / 0 comments
A contract securing the tenure of real property for a specified time. (Saylor, 1952) 2. An alternative way to finance fixed assets in which another party (the lessor) owns the assets and the firm (the lessee) rents it for a specified period of time and under specific conditions in exchange for regular lease payments. (Seidman, 2012)