Business and Personal Finance Dictionary

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• FINANCE LEASE
  
  A term used in UCC Article 2A. A lease in which the lessor is not the supplier or manufacturer of the leased goods. In a finance lease, the lessor must not have any involvement in the selection of the leased goods and it must be serving only as a conduit for the lessee to obtain the goods. Finally, the lessor must acquire the goods or the right to possess the goods in connection with the lease.
  
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