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| Definition Of: | |||||||||
Renewal Option
An option in the lease agreement that allows the lessee to extend the lease term for an additional period beyond the expiration of the initial lease term- in exchange for lease renewal payments.
See also: Mudaraha , Placed in Service , Financial Accounting Standards Board (FASB) , Indenture Trustee , Vendor Lease |
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Leasing Dictionary INDEX:List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 4 A: Page 1 of 4.
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