Leasing - Hiring equipment, such as a car or a piece of machinery, to avoid the capital cost involved in owning it. In some companies it is advantageous to use capital for other purposes and to lease some equipment, paying for the hire out of income. The equipment is then an asset of the leasing company rather than the lessor. Sometimes a case can be made for leasing rather than purchasing, on the grounds that some equipment quickly becomes obsolete.
Leasing : hiring equipment, such as a car or a piece of machinery, to avoid the capital cost involved in owning it. in some companies it is advantageous to use capital for other purposes and to lease some equipment, paying for the hire out of income. the equipment is then an asset of the leasing company rather than the lessor. sometimes a case can be made for leasing rather than purchasing, on the grounds that some equipment quickly becomes obsolete.
Leasing