Chapter 3 Impact of Financing on Investment Decisions and ...

Lease finance. 5.4.1 There are two types of leases: (a) A . finance lease. exists when the . substance. of the lease is that the . lessee enjoys substantially all of the risks and rewards of ownership, even though legal title to the leased asset does not pass from lessor to lessee. (b) An . operating lease. is a . … ................
................