sales-type lease

sales-type lease definition - business

sales-type lease

A lease by a manufacturer or dealer that meets the criteria for a capital lease. For example, an automobile dealer offers a 60-month lease on full-size trucks.

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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