BANKING AFFAIRS

Detailed explanation-1: -One advantage of a financial lease is that: it has a shorter maturity than term loans. it never appears as a liability on the balance sheet. it eliminate the needs to make periodic payments.

Detailed explanation-2: -By definition: “Financial leasing companies engage in financing the purchase of concrete assets. Though leasing company is the legal owner of the goods, the ownership and possession is effectively conveyed to the lessee, who earns all benefits, costs, and risks linked to ownership of the assets.”