The user of an asset in a leasing arrangement is called the

Name: The user of an asset in a leasing arrangement is called the
Brand: Quizplus
Rating: 4.7 (43 reviews)

Question

Quizplus · Accepted Answer

The lessee is the user of an asset in a leasing arrangement. They are the ones who lease the asset from the lessor and pay the periodic lease payments in exchange for use of the asset. The lessor is the owner of the asset who leases it out to the lessee, while a trustee is a third party who manages assets for the benefit of another party.

The User of an Asset in a Leasing Arrangement Is