Lease-Purchase Agreement

Definition:

A rental contract in which the renting party's periodic payments or parts thereof are applied both to fulfill the rental obligation and as installments for eventual ownership of the commodity upon completion of the agreement.

Related terms:

Capital account

Useful articles:

»	The Ins and Outs of Merchant Accounts
»	Take a New View of Handling Objections
»	Create Your Own Personal Board Of Directors
»	Uncover and Discover the Art of Asking

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