Lease-Purchase Agreement

Lease-Purchase Agreement,

How Do You Define Lease-Purchase Agreement?

An agreement that states that part of the lease payments may apply to the purchase of the leased property.

Literal Meanings of Lease-Purchase Agreement

Lease:

Meanings of Lease:
  1. An agreement in which one of the parties transfers land, goods, services, etc. other than that. Usually for a specified period through regular payment.

  2. Lease discount (property).

Sentences of Lease
  1. Six months rent in a store

  2. Renting a site from a local business

Synonyms of Lease

leasehold, rental agreement, hire agreement, charter, contract, rent out, rent, hire, hire out, sublet, sublease, farm out, charge for the use of

Purchase:

Meanings of Purchase:
  1. Get it by paying to buy (something).

  2. Elevation (rope or cable) or height (anchor) using hooks, levers, etc.

  3. A place or position in something to use power for profit, or the benefits that will come from that use.

Sentences of Purchase
  1. Mr Gill saw the manuscript at a local auction and bought it for 500 1,500

  2. The hooves struggled to catch the slippery floor

Synonyms of Purchase

buy, acquire, obtain, pick up, snap up, take, secure, procure, come by, pay for, shop for, invest in, put money into, grip, firm contact, attachment, hold, foothold, footing, toehold

Agreement:

Meanings of Agreement:
  1. Consensus or agreement or agreement as a result of a position or opinion.

Sentences of Agreement
  1. The government has not reached an agreement

Synonyms of Agreement

accord, concurrence, consensus, harmony, accordance, unity, unison, concord, like-mindedness, rapport, sympathy