lease term
Definition
Fixed, non-cancelable period for which a lease agreement is in force. Also called lease period or lease tenure.
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lease term is in the Accounting & Auditing, Banking, Commerce & Finance, Purchasing & Procurement and Real Estate & Buildings subjects.
lease term appears in the definitions of the following terms:
lease tenure,
renewal option,
lease schedule,
bargain purchase option,
capital lease,
purchase option,
lessor's interest,
leasehold improvements,
lease with option to purchase,
lease period
and
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