open-end lease

open-end lease definition - business

open-end lease

A lease in which the lessee guarantees the lessor will realize a minimum value for the asset at the end of the lease. With most open-end leases, the lessee has the first opportunity to purchase the asset at the end of the 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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