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Leasing Glossary

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  • Annex

    Constitutes part of the Contract signed by all involved parties and describes the individual terms in detail (e.g. lease amount, interest calculation, duration, etc.).

  • Cost of Acquisition

    The agreed selling price of the fixed asset upon expiry of Contract.

  • Administrative Expenses or Application fees

    The once-off administrative fee paid by the lessee upon signing the Leasing Contract and concerns the valuation and application procedure.