Definition
A lease is a contract allowing use of property in exchange for regular payments.
Why It Matters
Leasing provides access to assets without full ownership costs.
Example
Leasing an apartment or a car.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
A lease is a contract allowing use of property in exchange for regular payments.
Leasing provides access to assets without full ownership costs.
Leasing an apartment or a car.