Setup Menus in Admin Panel

Sharing the Knowledge!™

Finance Knowledge and Information

What does basic lease term mean?

SEARCHING
Suggestion/Report Error
basic lease term
Noun


The noncancellable lease term where a renewal option is found in a finance lease arrangement, during which the lessor expects to recover the asset cost and its financing costs and to earn a profit on its invested funds.

Synonym(s): 
  • original lease term; primary lease period.
top
© 2015-2021 Pecunica LLC.  All rights reserved.
;