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Lease and Hire Purchase LEASE: A contract by which one party conveys land, property, services etc. to another for a specified time usually in return for Periodic Payment HIRE-PURCHASE: A system by which a Buyer pays for a thing in regular installments while enjoying the use of it.

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Page 1: Lease and Hire Purchase

Lease and Hire Purchase

LEASE: A contract by which one party conveys land, property, services etc. to another for a specified time usually in return for Periodic Payment

HIRE-PURCHASE: A system by which a Buyer pays for a thing in regular installments while enjoying the use of it.

Page 2: Lease and Hire Purchase

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