finance lease Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

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 ​financialagreement in which a financecompanypays for ​equipment that a ​customerwants, such as a ​car or ​computer, and the ​customerpays them to use it. Depending on the ​agreement, the ​customer may own the ​goods or ​buy them for a ​reducedprice at the end of the ​lease
(Definition of finance lease from the Cambridge Business English Dictionary © Cambridge University Press)
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