Similar to cash purchases, but differs in that the ownership of the property is ours until they pay anniversary. Is said to have a contract or agreement between us and that there is a hire-purchase payments for goods in installments according to the amount and length of time prescribed by the item or property, we can bring them to work before, but the ownership of the lessor purchases until they pay, so long as the contract will transfer ownership of that asset is our leasing cars or motorcycles, etc.
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