Consumer Leasing Act

Business, Legal & Accounting Glossary

Definition: Consumer Leasing Act




What is the dictionary definition of Consumer Leasing Act?

Dictionary Definition


A federal law that requires lease agreements to include certain terms, including a statement of the number of lease payments and their dollar amounts, penalties for not paying on time and whether a lump sum payment is due at the end of the agreement. Despite this law, many vehicle lease agreements are nearly impossible to decipher.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/consumer-leasing-act/
Modern Language Association (MLA):
Consumer Leasing Act. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 24, 2021 https://payrollheaven.com/define/consumer-leasing-act/.
Chicago Manual of Style (CMS):
Consumer Leasing Act. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/consumer-leasing-act/ (accessed: September 24, 2021).
American Psychological Association (APA):
Consumer Leasing Act. PayrollHeaven.com. Retrieved September 24, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/consumer-leasing-act/

Definition Sources


Definitions for Consumer Leasing Act are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 22nd April, 2020 | 0 Views.