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A Lease is a Contact Between the Owner of An

A Lease is a Contact Between the Owner of An

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Published by ramya MBA
leasing for finance students
leasing for finance students

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Categories:Types, School Work
Published by: ramya MBA on Dec 22, 2009
Copyright:Attribution Non-commercial

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08/29/2013

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LEASING
A lease is a contact between the owner of anasset (the
lessor
) and the party desiring touse that asset (the
lessee
).
Definition
Leasing is a process by which a firm canobtain the use of a certain fixed asset forwhich it must make a series of contractualperiodic tax deductable payments.
 
ESSENTIAL ELEMENTS OFLEASING
Parties to the contract
Asset
Ownership
 Term of Lease
Lease Rentals
Modes of Terminating Lease

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