Definition of open-end lease

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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

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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