The act of buying an asset without having to make full payment in the immediate future is known as:
A)hire purchase
B)finance lease
C)operating lease
D)sale and leaseback

Question

Quizplus · Accepted Answer

In a hire purchase agreement, the buyer can take possession of an asset by paying an initial installment and then paying the remaining balance in installments over time, without having to make full payment immediately.

The Act of Buying an Asset Without Having to Make