In a lease arrangement, the user of the asset is:

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The user of the asset in a lease arrangement is called the Lessee. The Lessor is the owner of the asset who allows the Lessee to use it in exchange for regular payments known as lease payments. A Lien is a legal right that a creditor has to keep possession of an asset until a debt is repaid. Lease refers to the contract between the Lessor and Lessee that outlines the terms of the lease arrangement.

In a Lease Arrangement, the User of the Asset Is