finance lease
- A type of lease where the person lending the items (the lessor) gets those items from a provider based on the specifications given by the borrower (the lessee)
- The company entered into a finance lease where they specified the kind of machinery needed for their production.
- Due to financial constraints, the business opted for a finance lease to acquire the desired equipment from the supplier.
- In a finance lease agreement, the precise nature of the vehicle was dictated by the lessee to ensure its suitability for their day-to-day operations.
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