There are many definitions of leasing, here we present the most common:
Lease call the property relations developing in this way: one entity (the lessee) refers to the other (the lessor) to acquire the necessary equipment and give it to her for temporary use.
Leasing - a transaction regulated by complex legal and economic agreements, the essence of which is profit making by all participants through the use of free or borrowed funds to purchase the leased object by one legal person in the property and transfer it to another business entity in the ownership and use for a certain period for a fee.
Leasing is virtually the credit relations and is not fundamentally different from a bank loan. The lessor provides the lessee of financial services, purchasing at full price from your equipment in the property. Then, the lessee shall reimburse the cost of this periodic installments (payments). Feature of the lease is only in the fact that the loan provides not a bank, a specialized leasing company, and the object of the transaction is not money and possessions. In economic terms, leasing - a loan granted to the lessor the lessee in the form passed to the use of equipment (trade credit).
Leasing - a specific form of financial investment to purchase equipment, real estate and other elements of capital with the mediation of a leasing company that acquires the customer's request ownership of the property to further transfer it to use for a certain period in exchange for periodic payments.
Leasing - a form of producer credit with or without foreclosure, transfer of ownership of the leased equipment, a long-term lease of machinery, equipment, vehicles, industrial facilities, providing the possibility of their subsequent redemption at maturity at a predetermined price.
The main point of leasing is that the owner of the facility is leasing leasing company (lessor) to the moment of redemption facility lessee. That is the right of use to the lessee enters immediately after obtaining the lease, and ownership after foreclosure.
