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

FIXED PURCHASE OPTION

\fˈɪkst pˈɜːt͡ʃɪs ˈɒpʃən], \fˈɪkst pˈɜːt‍ʃɪs ˈɒpʃən], \f_ˈɪ_k_s_t p_ˈɜː_tʃ_ɪ_s ˈɒ_p_ʃ_ə_n]\

Definitions of FIXED PURCHASE OPTION

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

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A rule that lets the lessee buy the equipment on a date at a price lower than the actual cost. It is at a fixed price that is a percentage of the eqipment's starting cost.

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

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