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Budget Counsel

A Reference for the Laws and Rules of the Congressional Budget Process

§015l. (CB) Lease-Purchase

Lease-Purchase

GAO Glossary of Terms and Definition (September 2005)

Lease-Purchase

An agreement between a lessor and lessee in which the lessee agrees to lease a building or other property for a specified length of time and then takes title to the building or other property at the end of the lease period. (See also Capital Lease; Operating Lease.)

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