Question

Alyssa wants to purchase a large tent for use in her catering business, but she doesnât have the cash necessary to buy the tent. She convinces the owner of Ajax Supplies, an outdoor equipment store, to buy the tent from the tentâs manufacturer and then lease it to her. They have created a__________

Answer 1

Finance lease

Step-by-step explanation:

Finance lease -

The lease where the finance company is the legal owner of the asset during the time period of the lease , where as , the lessee has a operating control on the assets and also , have share for any economic risks .

Hence ,

From the question , since , Alyssa need to have a large tent , but due to lack of money , she took the tent on lease from the Ajax supplies .

Hence , the correct term for the given statement is Finance lease .