CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Planning3 Marks
Question
State any two features of 'Leasing'.
✓
Answer
Features of leasing:
It is a way of getting the use of plant machinery and equipment without paying the full cost all at once.
Leases require the payment of deposits and involves contractual payments at regular intervals for the use of asset, i.e. plant, machinery, equipment etc.
Ownership reverts back to the lesser on the completion of the period if the lesser decides not to exercise the purchase option.
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