Glossary term

Finance Lease

A lease structure that gives the business long-term use of an asset while spreading the cost through rentals.

What does finance lease mean?

A lease structure that gives the business long-term use of an asset while spreading the cost through rentals.

The exact meaning can vary depending on the asset, lender criteria, agreement wording and business circumstances.

Long-term asset use with flexible end-of-term options and no need to buy outright upfront.