lease rate
Noun
The periodic payment made by the lessee to the lessor for the use of an asset in a lease transaction expressed either as the annual percentage rate (APR) or a lease rate factor (LRF) and generally excludes fees and executory costs.
The periodic payment made by the lessee to the lessor for the use of an asset in a lease transaction expressed either as the annual percentage rate (APR) or a lease rate factor (LRF) and generally excludes fees and executory costs.
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