The type of lease where the costs of ownership and operation are borne by the lessee,who agrees to make a residual payment at the end of the lease period,is a/an:

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A financial lease is a type of lease where the lessee is responsible for the costs of ownership and operation, and agrees to make a residual payment at the end of the lease period. This differs from an operating lease, where the lessor is responsible for ownership and operation costs. A direct lease is a lease arrangement where the lessor and lessee have a direct relationship and the lessor owns the leased asset. A leveraged lease is a specialized type of lease where a third-party investor is brought in to help finance the lease arrangement.

The Type of Lease Where the Costs of Ownership and Operation