| Lease | |
 An agreement in which one party gains a long-term rental agreement, and the other party receives a form of secured long-term debt. |
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 The lessee gains a long term contract for the use of an asset, and the lessor is assured of regular payments for a specified number of years. |
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 Pros And Cons of Leasing Vs Buying A Vehicle - We examine the financing options of both choices as well as their long-term implications. |
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Related Terms
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