lease-purchase


lease-purchase
/lees"perr"cheuhs/, n.
1. the continuing use of property or goods under a lease for a stipulated period with option for the lessee to buy and with part of the rental charges credited toward the purchase price.
adj.
2. of or pertaining to lease-purchase.

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Universalium. 2010.

Look at other dictionaries:

  • lease-purchase — /lees perr cheuhs/, n. 1. the continuing use of property or goods under a lease for a stipulated period with option for the lessee to buy and with part of the rental charges credited toward the purchase price. adj. 2. of or pertaining to lease… …   Useful english dictionary

  • Lease purchase contract — A lease purchase contract (or lease option contract) is the abbreviated form of the appropriate term lease with option to purchase contract. It is a form of real estate purchase which combines elements of a traditional rental agreement with an… …   Wikipedia

  • lease purchase agreement — A lease that includes an option for the lessee to purchase the leased property at a time and under terms specified in the lease. American Banker Glossary …   Financial and business terms

  • lease-purchase agreement — A lease in which the payments go towards the purchase of the asset. See also hire purchase …   Big dictionary of business and management

  • lease-purchase agreement — An agreement that allows for portions of lease payments to be used to purchase the leased property. Bloomberg Financial Dictionary …   Financial and business terms

  • end-of-lease purchase price — If there is a purchase option in the lease contract or agreement, this will be the agreed upon price for the purchase of the vehicle at the end of the lease the stated residual value. This price may also include additional fees …   Dictionary of automotive terms

  • Lease-option — A lease option (or lease purchase) is the abbreviated form of the appropriate term lease with option to purchase. It is a type of contract used in residential real estate. The contract is typically between two parties: the tenant (also called the …   Wikipedia

  • Lease Option — An agreement that gives a renter the choice to purchase a property during or at the end of the rental period. As long as the lease option period is in effect, the landlord/seller may not offer the property for sale to anyone else. When the term… …   Investment dictionary

  • purchase option — Most closed end leases grant the lessee an option to purchase the vehicle at the end of the lease. The end of lease purchase price is usually the same as the stated residual value. Check your lease contract before signing to ensure that there is… …   Dictionary of automotive terms

  • purchase price — The price of a vehicle that the consumer pays. Start with the MSRP and subtract any manufacturer discount and dealer discount you negotiate. Purchase price is a key determinant of the true cost of a lease. Purchase price less your down payment… …   Dictionary of automotive terms


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