Question Details

	Username: BobM Rating: Asked to: Apinya Kamon Date Created: 30 Mar 2016
Category	28
Tag	Financial
Question	Please give the definition of 'Lease Rate'.

Advice from Guru

Hi BobM,

The amount of money paid over a specified time period for the rental of an asset, such as real property or an automobile. The lease rate that the lender earns from allowing someone else to use his property compensates him for not being able to put that property to another use during the term of the lease.

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