Business, Legal & Accounting Glossary
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.
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This glossary post was last updated: 22nd April, 2020 | 0 Views.