Leasing is a medium term financial instrument in which the equipment determined by the lessee(customer) is purchased by the lessor(Leasing Company) while the usage rights of the leased asset is granted to the lessee.

The lessee pays lease rentals based on pre-determined, mutually agreed payment plan.

Although the ownership of the leased asset belongs to leasing company, at the maturity of leasing contract the property of an equipment is transferred to the lessee with a symbolic price.