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. 2012