LEASE TERM


Meaning of LEASE TERM in English

The fixed- noncancellable term of the lease. Includes- for accounting purposes- all periods covered by fixed-rate renewal options- which for economic reasons appear likely to be exercised at the inception of the lease. Includes- for tax purposes- all periods covered by fixed-rate renewal options.

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