A lease arrangement may impose certain restrictions on the use of assets.

True

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False

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Under the lease agreement, the lessee gets the right to

(a) Share profits earned by the lessor

(b) Participate in the management of the organisation

(d) Sell the assets

A lease arrangement may impose certain restrictions on the use of assets.

In lease financing, the owner of the assets is called the __________ while the party that uses the assets is known as the ______________.

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.

Q. The lessee pays a _________ periodic amount called lease rental to the lessor for the use of the asset.

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