A contract in which one party pays another series of cash flows is known as what?
A)A financial lease
B)A debenture
C)An unsecured note
D)A commercial bill

Name: A contract in which one party pays another series of cash flows is known as what? A)A financial lease B)A debenture C)An unsecured note D)A commercial bill
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Question

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A financial lease is a contract in which one party (the lessor) pays another party (the lessee) a series of cash flows in exchange for the use of an asset.

A Contract in Which One Party Pays Another Series of Cash