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Leasing Glossary

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  • Participation Lease

    The first, increased lease is the Customer's participation in the investment,payable with the first lease payment. It equally decreases the initial capital amount.

  • Prepaid Lease

    The lease that is paid at the beginning of the agreed period.

  • Proforma

    The supplier’s binding offer for the sale of the fixed asset that details the equipment, the amount and terms of payment.

  • Prepayment

    The lessee’s right to acquire ownership of the fixed asset before the expiry of the Contract, by paying the price that is equivalent to the prepayment of future lease amounts plus the pre-agreed prepayment penalty.