The Law Dictionary

Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.

What is FULL PAYMENT LEASE

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.

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