An agreement by which the owner of an asset transfers the right of usage of that asset is known as leasing for a rental.
Reveal answer
Fill a bubble to check yourself
Keep practicing — related questions
- __________ is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender.
- Transfer of right to enjoyment of property for certain time is in consideration of price paid or promised t...
- Directions: For the word given above the table, match the dictionary definitions on the left (1, 2, 3, 4) w...
- Transfer of pollen grains from anther to the stigma of a different plant is known as which of the following...
- Mortgage, where the mortgagor binds himself to repay the mortgage-money on a certain date and transfers the...
- Under provisions of Transfer of Property Act, subject to agreement between parties, a property can be sold ...
- The right to change insurance coverage from one type of policy to another is known as
- To qualify for a particular policy at a particular price, companies have the right to ask for information a...