finance lease

Definition of "finance lease"
  1. 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)
How to use "finance lease" in a sentence
  1. The company entered into a finance lease where they specified the kind of machinery needed for their production.
  2. Due to financial constraints, the business opted for a finance lease to acquire the desired equipment from the supplier.
  3. 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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