Definition of financial leasing:
Financial leasing (financial lease) is the most common and basic form of non-banking finance in the international arena. Financial leasing refers to the lessor according to the lessee's specific requirements for the leased object and the choice of the supplier, capital to the supplier to buy the leased object, and leased to the lessee to use, the lessee pays the rent to the lessor in installments, in the lease period of the ownership of the leased object belongs to the lessor, the lessee has the right to use the leased object. Financial leasing is a new type of financial industry that combines financing and financing, trade and technology updating. Due to the combination of financing and financing, the leasing company can recover and deal with the leased objects when problems arise, thus it is very suitable for small and medium-sized enterprise financing because it does not have high requirements for enterprise creditworthiness and guarantee when dealing with financing.
Definition of commercial factoring:
Commercial factoring is a complete set of financial programs based on factoring contracts signed between factors and suppliers, including financing, credit risk management, accounts receivable management and collection services. The factor is assigned the supplier's accounts receivable under the factoring contract and pays the purchaser instead. If the buyer is unable to pay, the factor pays the supplier.
Definition of Financing:
Financing, in English, is financing, which, in a narrow sense, is the act and process of raising funds for a business. In a broad sense, financing, also called finance, is the financing of monetary funds, the parties through various ways to the financial market to raise or loan funds behavior. The New Palgrave Dictionary of Economics explains financing as: financing refers to the means of monetary transactions for the payment of more than cash purchases, or for the acquisition of assets and the collection of funds taken by the monetary means.