Lessor

Lessor

Usually the finance / leasing company or the legal owner of the vehicle who sets the lease terms.

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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

lessor

Accounting; Auditing

Owner or the title holder of the leased asset or property. The lessor is also the lender and secured party in case of capital leases and operating leases. In case of leveraged ...

lessor

Convention; Conferences

Person or organization which conveys property under a lease.

lessor

Earth science; Mapping science

A person who holds title to and conveys the right to use and occupy property under lease agreement.

lessor

Financial services; General Finance

An entity that leases an asset to another entity.

lessor

Automotive; Automobile

The Toyota dealership, and after assignment, the financial institution to which the lease is assigned. The party leasing the vehicle to the lessee, the actual owner of the vehicle ...

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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