GROWTH AND DEVELOPMENT OF LEASING BUSINESS IN BANGLADESH: AN EVALUATION
DOI:
https://doi.org/10.53808/KUS.1999.1.2.311-317-mbKeywords:
Lease financing; Lessor; Lessee; Financial lease; Operating leaseAbstract
Leasing is a contract between the owner of the equipment (lessor) and the user (lessee) that gives the lessee the right to use specific property, owned by the lessor, for a specific period of time in return for stipulated and generally periodic, cash payments (rents). It is an innovative and alternative way of financing our commercial and industrial undertakings. The business has become more and more popular day by day. Therefore an attempt has been made through this study to explore the lease financing in Bangladesh to trace out the historical backgrounds of leasing in Bangladesh. The study encompasses the operation of lease financing followed by three leasing companies IDLC, ULC, and PLC. The ownership and organizational structure of prominent leasing companies greatly contribute to the success of leasing business in Bangladesh. Leasing business will continue to grow in Bangladesh as a preferred means of acquiring equipment for its convenience and flexibility in financing.
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