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English definition of “finance lease”

finance lease

noun [C]
 
 
(also asset finance [U]) FINANCE
a financial agreement in which a finance company pays for equipment that a customer wants, such as a car or computer, and the customer pays them to use it. Depending on the agreement, the customer may own the goods or buy them for a reduced price at the end of the lease
(Definition of finance lease from the Cambridge Business English Dictionary © Cambridge University Press)
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