Lease
From ACT Wiki
Jump to navigationJump to search
A contract for the owner of an asset (the lessor) to offer rights to use the asset to another party (the lessee) for a certain period.
In return, the lessee makes payments of pre-determined amounts to the lessor.
For example, if we lease a vehicle for a monthly payment we are entitled to use it.
But we are not the owner of the vehicle.
