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Simple English definitions for legal terms

finance lease

Read a random definition: noncareer vice-consul

A quick definition of finance lease:

A finance lease is a type of contract where a business can rent expensive equipment for a fixed period of time. The company pays rent and takes care of maintenance costs and taxes. At the end of the lease, the business has the option to buy the equipment for a small price. Finance leases are often used by financial institutions to help businesses afford expensive equipment.

A more thorough explanation:

A finance lease is a type of lease used by businesses to finance capital equipment. The lessor finances the asset, and the lessee pays maintenance costs and taxes and has the option of purchasing the asset at lease-end for a nominal price. Finance leases are written almost exclusively by financial institutions to help commercial customers obtain expensive capital items that they might not otherwise be able to afford.

Example: A construction company needs a new crane but cannot afford to purchase it outright. The company enters into a finance lease with a financial institution, which purchases the crane and leases it to the construction company. The construction company pays monthly lease payments and has the option to purchase the crane at the end of the lease term for a nominal price.

This example illustrates how a finance lease allows a business to obtain expensive capital equipment without having to pay for it upfront. The business can make monthly lease payments and have the option to purchase the equipment at the end of the lease term, making it a more affordable option for businesses with limited cash flow.

finance company | finance officer

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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