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
Meanings of Lease:
An agreement in which one of the parties transfers land, goods, services, etc. other than that. Usually for a specified period through regular payment.
Lease discount (property).
Sentences of Lease
Six months rent in a store
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
Meanings of Purchase:
Get it by paying to buy (something).
Elevation (rope or cable) or height (anchor) using hooks, levers, etc.
A place or position in something to use power for profit, or the benefits that will come from that use.
Sentences of Purchase
Mr Gill saw the manuscript at a local auction and bought it for 500 1,500
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
Meanings of Agreement:
Consensus or agreement or agreement as a result of a position or opinion.
Sentences of Agreement
The government has not reached an agreement
Synonyms of Agreement
accord, concurrence, consensus, harmony, accordance, unity, unison, concord, like-mindedness, rapport, sympathy