This is the finance paid for in installments by the business. The item is not owned until all payment has been made.

This type of financing is known as Hire Purchase. Here's how it works:

1. The business chooses the item they want from a supplier.
2. The finance company buys the item on behalf of the business.
3. The business makes regular payments to the finance company. These payments cover the cost of the item plus interest.
4. Once all payments have been made, ownership of the item transfers from the finance company to the business.

Until the final payment is made, the business does not own the item. If they fail to keep up with payments, the finance company can take the item back.