../images/contents.gif ../images/prev1.gif../images/next1.gif

ANNEX II
LEASING AND HIRE PURCHASE OF DURABLE GOODS

DEFINITIONS

1. In addition to purchasing durable goods outright, institutional units can obtain the use of them in the following ways: operating leasing, financial leasing and hire purchase. In all three cases the institutional unit in question acquires the right to use a durable good, although the good legally remains the property of another unit.