Leasing and Hire Purchase. Discuss the difference between these two.

Leasing and hire purchase are two common methods of financing for acquiring assets, but they differ in terms of ownership, payment structure, and risk allocation.

In leasing, the lessee (the borrower) rents an asset from the lessor (the owner) __________ ____ _____ ___ _____ _______ ________ ______ _____ __________ _______ _________.
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