Discussion Forum : Sources Of Business Finance
Question -


A lease is a ____ agreement whereby one party, i.e. the owner of the asset, grants the other party the right to use the asset in return for a periodic payment.

Options:
A .   Permanent
B .   Temporary
C .   Contractual
D .   Fixed
Answer: Option C
:
C

A lease is a contractual agreement whereby one party, i.e. the owner of the asset, grants the other party the right to use the asset in return for a periodic payment.



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