graduated lease

graduated lease definition - business

graduated lease

A lease agreement that allows for or stipulates changes in the payment depending on certain variables (e.g., inflation) or the passage of time. Also called step-payment lease.

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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