Meaning of CLOSED-END LEASE in English

CLOSED-END LEASE

A lease that does not contain a purchase or renewal option- thereby requiring the lessee to return the equipment to the lessor at the end of the initial lease term. Also refers to a vehicle lease in which the lessor absorbs the entire risk of the residual.

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