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Financial leasing

According to GO no.51/1997, republished, financial leasing is defined as the leasing operation which meets at least one of the following conditions: 1) The risks and benefits of the right of property over a good which is being leased are transferred to the user at the time the contract produces effects. 2) The leasing contract expressly states the transfer of the right of property over the good which is the object of leasing to the user upon the contract’s expiration. 3) The leasing period exceeds 75% of the normal duration of the use of the good which is the object of leasing; for the purposes of this definition, the leasing period includes any period for which the leasing contract can be extended.

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