Leasing Financial Glossary

What is it? A method of renting the use of vehicles, machinery and equipment. The items do not belong to us, but are the property of the leasing company to whom we pay rentals.

Finance Term Definition Added By: Abby

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Other Similar Finance Terms:

Financial Term Mortgage is A loan to buy a property There are different types of mortgage, such as buy to let, where you borrow money to buy a property you will let out to tenants. Almost all mortgages are partly secured on the value of the property, and can be for varying lengths of time.

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Financial Term Preexisting knowhow is The information which is held by contractors prior to the conclusion of the contract, or acquired in parallel with the duration of the contract it, as well as copyrights or rights pertaining to such information following applications for, or the issue of, patents, designs, plant varieties, supplementary protection certificates or similar forms of protection. Also referred to as Background.