bargain purchase option

bargain purchase option definition - business

bargain purchase option

The right of a lessee, at the end of a lease, to purchase the leased asset at a nominal price or renew the lease at a nominal rate.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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