What is lease financing?

Lease financing, often simply referred to as leasing, is a financial arrangement in which one party, known as the lessor, allows another party, known as the lessee, to use an asset such as real estate, equipment, vehicles, or machinery for a specified period of time in exchange for regular payments. These payments are typically made on a monthly basis and are akin to rent. Lease financing is a common method used by businesses and individuals to acquire the use of assets without having to _____ ______ _______ ________ ______ ____ _______ ___ _______ ___ ________ _________.
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