Leasing is a contractual arrangement between two parties namely:
 Lessor / Leasing Company (A.T. LEASE)
 Lessee (Client)

The Lessor purchases the asset on behalf of the lessee and, the Lessee obtains the right to use the asset from the leasing company and pays pre-determined rentals over a pre-determined period for the use of the asset. The lessee has the right/option to own the asset at any given time.