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Leasing Glossary

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  • Supplier

    The vendor of a fixed asset to the Leasing Company, for an agreed amount.

  • Sublease

    The Leasing Company may provide its approval to the lessee to sublease the equipment / property to a third party.

  • Sub-lessee

    Third person that leases the fixed asset from the lessee of Lease.

  • Sale & Lease Back

    The Leasing Contract, whereby the owner of a fixed asset (Equipment, Property or Means of Transport), sells the fixed asset to the Leasing company, following valuation, for a specified duration and under specific terms, in order to obtain liquidity. Upon expiration of the Contract, the fixed asset returns to the ownership of the lessee once again.