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Sources Of Business Finance

Question

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Who is a lessee ?

Solution

A lessee is a person who pays a fixed periodic amount (called reuse rent) to the lessor for the use of asset.

Some More Questions From Sources of Business Finance Chapter

Give meaning of long-term finance.

Give meaning of medium-term finance.

Give meaning of short-term finance.

Define shares.

Give the types of shares.

Define preference shares.

Give meaning of equity share.

Give the meaning of debenture.

Define “Ploughing back of profits”.

Give meaning of trade credit.

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