contract hire

  

Definition

Type of automobile leasing in which a leasing firm undertakes maintenance and repair of the vehicle and offers other services (such as providing a replacement vehicle), upon payment of a fixed fee.

Related Videos




http://www.businessdictionary.com/definition/contract-hire.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z