guaranteed residual value
(GRV)
Noun
The residual value of a leased asset that is guaranteed by the lessee or by a financially capable third party not related to the lessor and included in the minimum lease payments to be made by the lessee.
The residual value of a leased asset that is guaranteed by the lessee or by a financially capable third party not related to the lessor and included in the minimum lease payments to be made by the lessee.
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