NONSUBSTITUTION CLAUSE


Meaning of NONSUBSTITUTION CLAUSE in English

A clause providing that if the lessee in a lease that has a nonappropriation clause exercises the clause to terminate the agreement- the lessee- within a specified time period after such termination- cannot purchase or use property similar in function to the property being leased.

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