This document discusses leasing as a source of finance. It defines leasing as an arrangement where the right to use an asset is transferred to another party without transferring ownership. The key parties in a lease are the lessor, who owns the asset, and the lessee, who acquires the right to use the asset. There are two main types of leases: operating leases, which can be cancelled early, and financial leases, which cannot be cancelled early and transfer most risks and rewards of ownership to the lessee. Advantages of leasing for lessees include saving capital, flexibility, and risk shifting, while advantages for lessors include higher profits and quick returns.