TeachMeFinance.com - explain open-end lease
open-end lease -- a lease that requires a balloon payment based on the value of the leased property when the lease expires.
About the author
Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.