A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. A rental agreement is a lease in which the asset is ...

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Leasing is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax deductible payments.

lease (l s) n. 1. a. A contract granting use or occupation of property during a specified period in exchange for a specified rent. b. The term or duration of such a ...

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