No-loss lease. Leased asset or property seller or owner or lessor recovers the full cost of the item. This includes the original cost plus profit margin, interest, and other cost no matter the remaining return asset value. The economic life of the asset is the lease term. An example is a capital lease. Contrast to an operating lease. Known also as full payout lease.
Link to This DefinitionDid you find this definition of FULL PAYMENT LEASE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary