Philippine E-Journals

An Assessment of the Leasing Industry in the Philippines

Larry-love Effiong Nduonofit

Discipline: Economics

 

Abstract:

Leasing is the process by which a firm can avail itself of the use of certain fixed assets for which it must make a series of contractual, periodic, tax-deductible payments. The lessee is the receiver of the services of the assets under the lease contract, whereas the lessor is the owner of the assets (Gitman 1987).