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Lease Rate |
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Lease rate Lease Rate In a leasing agreement, the interest rate. For example, when one leases a car, the bank or leasing company buys the car from the dealer, and lends its use to the driver until he/she pays back the purchase price plus some extra money. The extra money is the interest or lease rate. It is presented as a very small number, say .00220. One arrives at this number by dividing the APR by 2400. In this case, .00220 is the equivalent of a 5.28% interest rate. It is also called the money factor or simply the factor. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Compagnie Deutsch was pleased to get this bright corner, prestige space, with a direct entrance off the elevator lobby, for its North American headquarters at an attractive lease rate in the tightening New York market," Miller said. Financial details were not disclosed, but Sestanovich said the lease is no higher than the market lease rate in the Century City area. H contends that he prepaid rent in 1992 to induce the landlord to agree to a below-market lease rate and to require no personal guaranty in his next lease. |
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