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

Lessee, lessor

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Lessor, lessee

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Owner, lessee

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Shareholder, lessor

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B
Lessor, lessee

The owner of the asset is called the lessor while the party that uses the assets in known as the lessee.

Suggest Corrections

Similar questions

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

The lessee never becomes the owner of the asset.

Join BYJU'S Learning Program