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What is Types of Financial Services Explained about?

This document discusses leasing and hire purchase as financial services. It defines a lease as an agreement where the lessor conveys the right to use an asset to the lessee in return for rent over an agreed period. Key points covered include the types of leases (financial vs operating), advantages and disadvantages of leasing, characteristics of a lease, and regulatory framework for leasing.

Author

Feeroj Pathan

Language

EN