What is the definition of Bargain purchase option? | Dictionary.net

BARGAIN PURCHASE OPTION

\bˈɑːɡɪn pˈɜːt͡ʃɪs ˈɒpʃən], \bˈɑːɡɪn pˈɜːt‍ʃɪs ˈɒpʃən], \b_ˈɑː_ɡ_ɪ_n p_ˈɜː_tʃ_ɪ_s ˈɒ_p_ʃ_ə_n]\

Definitions of BARGAIN PURCHASE OPTION

1910 - Black's Law Dictionary (2nd edition)

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When a leasee can buy the asset leased at the end of the term. The price is lowver than fair market value. If noncancelable lease has this clause it is a capital lease.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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