A lease of goods can have the same financial characteristics as a secured loan to finance the acquisition of an asset. The interest in the asset held by the lessor, in the case of the lease, or the secured lender, in the case of a secured financing, secures the payments required to be made. For this reason, all leases of personal property must be registered under provincial personal property security laws.

Question

Quizplus · Accepted Answer

Not all leases of personal property must be registered under provincial personal property security laws. Registration is typically required for security interests, but not all leases create such interests.

A Lease of Goods Can Have the Same Financial Characteristics