A(n) __________ is a special type of lease transaction generally involving three parties instead of two.
A) consumer lease
B) sale
C) finance lease
D) option

Question

Quizplus · Accepted Answer

A finance lease, also known as a capital lease, typically involves three parties: the lessor, the lessee, and the financier. This arrangement allows the lessee to use the asset while the financier funds its purchase, with the lessor retaining ownership.

A(n) __________ Is a Special Type of Lease Transaction Generally