Lessee

Lessee

The vehicle hirer, customer or user of the vehicle who signed the lease agreement.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Financial services
Category: Auto loans
Company: Mercedes-Benz
Product:
Acronym-Abbreviation:

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Related terms

lessee

Accounting; Auditing

User or renter of the leased asset or property. In case of capital leases, the lessee is also the 'debtor' to the lessor. When real estate is leased, the lessee is called a ...

lessee

Convention; Conferences

A person or entity who has possession of real or personal property under a lease. A tenant of real property under a lease.

lessee

Financial services; Home equity

The person who holds the lease of a property.

lessee

Earth science; Mapping science

A person who possesses the right to use or occupy a property under lease agreement.

lessee

Financial services; General Finance

An entity that leases an asset from another entity.

Acceptance Fee

Financial services; Auto loans

A one-off payment to cover the administration of setting up the finance agreement & credit searches. Paid at the commencement of the finance agreement with the first payment or ...

Accessories

Financial services; Auto loans

An extra which can be added to the vehicle, which is not part of the manufacturer's specification.

Administration fee

Financial services; Auto loans

A fee charged to cover the cost of amending an agreement.

Mercedes Advance .Agreement / document

Financial services; Auto loans

A legally binding contract made between a customer and a financial company for the purchase or use of a vehicle. The agreement is binding once it is signed on behalf of the ...

APR

Financial services; Auto loans

Also known as Annual Percentage Rate, it is the interest rate which a customer will pay on a finance agreement, including all fees.

Annual Statement of Accounts

Financial services; Auto loans

A statement outlining the payments made to date including any paid late etc.

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