Definition of financial lease:
Financial leasing is the most common and basic form of non-bank finance in the world. Financial leasing means that the lessor purchases the leased property from the supplier and rents it to the lessee according to the specific requirements of the lessee and the choice of the supplier. The lessee pays the rent to the lessor by installments. During the lease period, the ownership of the leased property belongs to the lessor, and the lessee has the right to use the leased property. Financial leasing is a new financial industry integrating financing and financial services, trade and technological innovation. Because of the combination of financing and finance, the leasing company can recycle and dispose of the leased property when there are problems, so the requirements for corporate credit and guarantee are not high when handling financing, which is very suitable for financing of small and medium-sized enterprises.
Definition of commercial factoring:
Commercial factoring is a financial scheme based on the factoring contract signed by the factor and the supplier, including financing, credit risk management, accounts receivable management and collection service. According to the factoring contract, the factor accepts the accounts receivable from the supplier and pays on behalf of the buyer. If the buyer cannot pay, the factor will pay the supplier.
Definition of financing:
Financing, English is financing. In a narrow sense, it is the behavior and process of raising funds for enterprises. Broadly speaking, financing is also called finance, that is, the financing of monetary funds and the behavior of the parties to raise or lend funds in the financial market in various ways. "New palgrave Dictionary of Economics" explains financing: financing refers to the monetary transaction means to pay for purchases that exceed cash, or the monetary means to raise funds for the acquisition of assets.