Question

Define the term Leasing. Explain the various types of Leasing in detail.

Answer 1

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Article shared by : ADVERTISEMENTS: Leasing: Definitions, Types, Merits and Demerits! A “lease” is defined as a contract between a lessor and a lessee for the hire of a specific asset for a specific period on payment of specified rentals. ... Previously land or real resate, mines and quarries were taken on lease.....