open-end lease
Noun
A lease in which the lessee guarantees the lessor the difference between the residual value of the leased asset and the value realized from the asset's sale at lease termination, thus exposing the lessee to residual value risk.
A lease in which the lessee guarantees the lessor the difference between the residual value of the leased asset and the value realized from the asset's sale at lease termination, thus exposing the lessee to residual value risk.
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