A ________ may allow the company leasing the asset to own it after a period of time.
A)operating lease
B)convertible lease
C)finance lease
D)all of the above

Question

Quizplus · Accepted Answer

A finance lease is a type of lease that allows the lessee (company leasing the asset) to own the asset after a period of time. This is in contrast to an operating lease, which allows the lessee to use the asset for a certain period of time without owning it, and a convertible lease, which allows the lessee to convert the lease into a purchase at a later date (but does not necessarily require it). Therefore, option C is the correct answer.

A ________ May Allow the Company Leasing the Asset to Own