true lease

Definition of "true lease"
  1. An arrangement that has characteristics of a security agreement while maintaining the properties of a lease
How to use "true lease" in a sentence
  1. The company decided to enter into a true lease to secure the necessary equipment without having to purchase it outright.
  2. Under the true lease agreement, the lessee can use the property for a specific period without any expectation of ownership.
  3. The lessor makes a profit from a true lease by renting out the asset instead of selling it.

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