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Equipment Finance and Leasing |
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Equipment leasing is one way for a small business to acquire business equipment. The other choice is equipment financing. Finance means taking out a loan to buy the equipment. The lender will take a security interest in the equipment, meaning that the equipment is collateral for the loan. Equipment leasing means renting the equipment instead of buying it. Find an Equipment Finance and Leasing attorney in your area.
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common-law lien
a lien under common law giving a creditor (as a bailee) in possession of property the right to retain possession until payment of the amount due
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