A lease is the transfer of title to goods from seller to buyer for a price.

Name: A lease is the transfer of title to goods from seller to buyer for a price.
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Quizplus · Accepted Answer

A lease is an agreement where the lessor (owner) allows the lessee (user) to use an asset for a specified period of time in exchange for periodic payments, but the title or ownership of the goods remains with the lessor, not transferred to the lessee.

A Lease Is the Transfer of Title to Goods from Seller