Options stated in the lease agreement that give the lessee flexibility in its treatment of the leased equipment at the end of the lease term. Common end-of-term options include purchasing the equipment- renewing the lease or returning the equipment to the lessor.
END-OF-TERM OPTIONS
Meaning of END-OF-TERM OPTIONS in English
Finance-Leasing English vocabulary. Английский словарь финансов и лизинга. 2012