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.
- B -
Base rate
Alpha Bank’s base lending rate.
- C -
Commercial or Industrial Property
Any property, based on its building permit and the urban planning laws can be used for professional and business activity (e.g. factories, warehouses, offices, shops, clinics, hotels, parking, etc.).
- D -
Duration of Lease
The agreed duration of the Leasing Contract.
Disbursement
Payment of the fixed asset purchase price to the supplier/vendor by the Leasing Company.
Default Rate
Is the statutory rate for arrears as defined in the Contract.
- E -
Euribor
Is the base rate, in Euro, with which banks lend to one another, within the European Interbank Market.
- G -
Guarantor
The natural person or legal entity, which fully guarantees the obligations assumed by the lessee that are derived from the Leasing Contract.
