Meaning of BARGAIN PURCHASE OPTION in English

BARGAIN PURCHASE OPTION

A lease provision allowing the lessee- at its option- to purchase the leased property at the end of the lease term for a price sufficiently lower than the expected fair market value of the property- such that exercise of the option appears- at the inception of the lease- to be reasonably assured.

Finance-Leasing English vocabulary.      Английский словарь финансов и лизинга.