Home > Terms > English, UK (UE) > Lease

Lease

A contract between lessor and lessee for a specified time period and a specific payment. The title to the vehicle remains in the name of lessor as owner unless and until the lessee exercises his/her purchase option. Or, in layman's terms: A contract for a specified time period and a specific payment. The title to the car is in the name of the lessor, unless the lessee exercises the purchase option to take ownership of the car.

This is auto-generated content. You can help to improve it.
0
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: Consumer electronics Category: Digital camera

Wearable camera

A camera that is worn as an earpiece, eyepiece or headpiece on a headband or helmet and can be used for professional or recreational purposes.

Contributor

Featured blossaries

Business Analyst Glossary by BACafé

Category: Technology   1 2 Terms

Nokia Fun Facts

Category: Other   1 6 Terms