Agreement on financial leasing of movable property
Financial leasing or Financial leasing - this is an operation for the special acquisition of property into property and its subsequent transfer to temporary possession and use for a period approaching in duration to the term of operation and depreciation of the entire value or most of the value of the property. During the term agreement lessor due to leasing payments returns the full value of the property and receives profit from the financial transaction. In general, financial leasing can be seen as a form of long-term lending.
Financial leasing has a three-way relationship. At the request of the lessee, the lessor purchases movable property (equipment, etc.) from the supplier and leases it to the lessee, fully reimbursing their financial costs and making a profit through the corresponding lease payments.