what is turn in in case of lease. what is the diff between lease and loan. what is overcollaterlisation,

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Turn-in in case of lease refers to returning the leased asset at the end of the lease term. Lease differs from a loan in terms of ownership and repayment structure. Overcollateralisation is when the collateral value exceeds the loan amount.

Turn-in in lease means returning the leased asset to the lessor at the end of the lease term.
Lease is a contractual agreement where the lessee pays for the use of an asset owned by the lessor.
Loan involves borrowing money from a lender and repaying it with interest over a specified period.
Lease does not result in ownership transfer, while a loan may be used to purchase an asset.
Overcollateralisation occurs when the value of the collateral provided for a loan exceeds the loan amount.
It provides additional security to the lender in case of default by the borrower.

what is turn in in case of lease. what is the diff between lease and loan. what is overcollaterlisation,

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