With a conditional sales arrangement, the purchaser of an asset is the owner of the asset, not a lessee

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In a conditional sales arrangement, the purchaser (buyer) of an asset is considered the owner of the asset, not a lessee (renter). This means that the buyer has the right to use and benefit from the asset immediately, but they are also responsible for any risks or costs associated with owning the asset.

With a Conditional Sales Arrangement, the Purchaser of an Asset