Definition of purchase option

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TeachMeFinance.com - explain purchase option



purchase option -- a clause in a lease granting the lessee an option to purchase the leased property on or before the lease termination date, usually at a specified price.



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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