Dictionary of automotive terms. 2015.
Fair Market Value Purchase Option — The right but not the obligation to buy a leased asset at the end of the lease term for a price that represents the item s then current worth. The Fair Market Value Purchase Option does not provide the purchase price in advance, but as long as… … Investment dictionary
Fixed Price Purchase Option — The right, but not the obligation, to buy a leased item at a predetermined price. With a fixed price purchase option, the purchase price is established when the lease terms are agreed upon. The lease agreement should also describe when the option … Investment dictionary
Bargain Purchase Option — An option in a lease agreement that allows the lessee to purchase the leased asset at the end of the lease period at a price substantially below its fair market value. The bargain purchase option is one of four criteria, any one of which, if… … Investment dictionary
purchase option rider — Same as guaranteed insurability rider … Ballentine's law dictionary
option — op·tion 1 / äp shən/ n 1: the power or right to choose; also: a choice made or available 2: a privilege of demanding fulfillment of a contract on any day within a specified time 3: a contract conveying in exchange for the payment of a premium a… … Law dictionary
Purchase — To buy, to be long, to have an ownership position. The New York Times Financial Glossary * * * ▪ I. purchase pur‧chase 1 [ˈpɜːtʆs ǁ ˈpɜːr ] noun COMMERCE 1. [uncountable] the act of buying something: • Keep the receipt as your proof of purc … Financial and business terms
purchase — buy; be long; have an ownership position. Bloomberg Financial Dictionary * * * ▪ I. purchase pur‧chase 1 [ˈpɜːtʆs ǁ ˈpɜːr ] noun COMMERCE 1. [uncountable] … Financial and business terms
option — See cost option no cost option purchase option factory options … Dictionary of automotive terms
option to buy — UK US noun [C] (also option to purchase) ► FINANCE, STOCK MARKET an agreement that gives an investor the right to buy a particular number of shares, or other financial assets, at a fixed price and before a fixed date: »The option to buy expired… … Financial and business terms
option to purchase — UK US noun [C] FINANCE, STOCK MARKET, COMMERCE, PROPERTY ► OPTION TO BUY(Cf. ↑option to buy) … Financial and business terms
