Finance Explained

What is a Lease?

Leáse (leś), n. [origin French. A thing left by will, a lease, from laisir, to let go, to lease, rent, hire, charter]

1. A contract by which one party (lessor) gives to another (lessee) the use and possession of equipment for a specified time and for fixed payments.

2. The document in which this contract is written.

3.  A way companies can realise their goals whilst conserving capital.