Meaning of “finance lease” in the English Dictionary


"finance lease" in Business English

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finance leasenoun [ C ]

uk us 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)