HELL-OR-HIGH-WATER CLAUSE


Meaning of HELL-OR-HIGH-WATER CLAUSE in English

A clause in a lease that states the unconditional obligation of the lessee to pay rent for the entire term of the lease- regardless of any event affecting the equipment or any change in the circumstances of the lessee.

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