FULL PAYMENT LEASE
\fˈʊl pˈe͡ɪmənt lˈiːs], \fˈʊl pˈeɪmənt lˈiːs], \f_ˈʊ_l p_ˈeɪ_m_ə_n_t l_ˈiː_s]\
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No-loss lease. Leased asset or property seller or owner or lessor recovers the full cost of the item. This includes the original cost plus profit margin, interest, and other cost no matter the remaining return asset value. The economic life of the asset is the lease term. An example is a capital lease. Contrast to an operating lease. Known also as full payout lease.
By Henry Campbell Black
