JAPAN LEASING ASSOCIATION

A lease is generally clasified into either "finance lease" or "operating lease"... "Finance lease" is a lease whose term is non-cancellable, and in which the lessee pays substantially all the costs of the leased asset... Paying substantially all the costs of the leased asset: A lessee pays to a lessor substantially all the cost arising from the lease contract such as acquisition cost of the leased asset, funding cost, personal property tax, and insurance etc..

Also known as: leasing

Primary location: Tokyo Japan