GRADUATED LEASE
\ɡɹˈadjuːˌe͡ɪtɪd lˈiːs], \ɡɹˈadjuːˌeɪtɪd lˈiːs], \ɡ_ɹ_ˈa_d_j_uː_ˌeɪ_t_ɪ_d l_ˈiː_s]\
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A lease that uses variable payments adjusted periodically to recognize current value. Payment amounts can also be An economic benchmark rate, like the consumer price index, can be used to adjust the payment amounts. A type of long-term lease.
By Henry Campbell Black
