Question

what is financial lease ?​

Answer 1

Answer:

A finance lease is a type of lease in which a finance company is typically the legal owner of the asset for the duration of the lease, while the lessee not only has operating control over the asset, but also some share of the economic risks and returns from the change in the valuation of the underlying asset.

Answer 2

Explanation:

Question = What is finacial lease ?

Answer = It is an way of financing wherby a licensed leasing company purchase an asset on behalf of the costumer in return for a agreed series of payment includes element of interest

2 types of leases

1. operating leases
2. financing leases

OPERATING LEASES

the owership of the property is retained during and after the lease

FINANCING LEASE

owership of property is transferred to the lessee at the end of lease