Meaning of BARGAIN RENEWAL OPTION in English
- BARGAIN RENEWAL OPTION
A lease provision allowing the lessee- at its option- to extend the lease for an additional term in exchange for periodic rental payments sufficiently less than fair value rentals for 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. 2012