Download Tag: LEASING

CHAPTER   ONE INTRODUCTION 1.1  BACKGROUND TO THE STUDY Lease is defined as an agreement where by the lessor conveys to the lessee in return for rent the right to use an asset for an agreed period of time. Most writers believe that equipment leasing started in 1977, the year that bell telephone first rented in the united state. It is however clear from history and decided cases in the British House of ...

CHAPTER ONE INTRODUCTION 1.1 Background to the Study Leasing is a contract existing between the lessee and the lessor in which the lessor offers equipment or property to the lessee for rent at an agreed installment payment over a given period of time. The lessor retains ownership while the lessee enjoys the benefit of using the equipment or property over the period. Leasing is specially contracted for the use of ...

ABSTRACT  Small-scale enterprises like Hapel Nigeria limited generally suffer from lack of adequate finance. The introduction of the structural adjustment programme compounded the problem such that the enterprise could hardly finance the fixed capital requirements.  In this circumstance, small-scale enterprise like Hapel Nigeria Limited would seek for a financing device that would enable them to obtain the use of required equipment without making outright payment. Leasing seems to be the ...