fair market purchase option

fair market purchase option definition - business

fair market purchase option

In leasing, the opportunity of the lessee to acquire leased property at the termination of a lease at the then fair market value. The lessor cannot retain title to the leased asset in the event the lessee exercises the purchase option.

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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