lease-purchase agreement

lease-purchase agreement definition - finance
An agreement to lease property or equipment for a certain period of time that allows some or all of the lease payments to be applied to the purchase price of the property or equipment.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.