The Difference Between Cash & Carry & Lend-Lease

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Cash and carry and lend and lease are two very different concepts. Learn the difference between cash and carry and lend and lease with help from an accounting professional in this free video clip.

Part of the Video Series: Accounting & Finance
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Video Transcript

Hi, I’m Lori Greer from Atlanta, Georgia, and I’m here to explain the difference between cash and carry and lend-lease. Originally, cash and carry allowed England to purchase American military supplies such as trucks, tanks, planes, after World War II broke out. However, England quickly ran out of funds purchasing these supplies, so President Roosevelt developed lend-lease, where the United States would lend or lease the supplies to England in return for future payments. In today’s terms, cash and carry is an item or items sold for cash, and the customer carries it away. Lease programs allow you to make payments on the item or items purchased. I’m Lori Greer from Atlanta, Georgia, and that’s the difference between cash and carry and lend-lease.

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