LEASE DEFINITIONS
Advance Rental Payment(s)
Assignment of Proceeds
Commitment Deposit
Commitment Letter
Dealer Lease Referral Application and Agreement
Electronic Funds Transfer (EFT)
End Position
Fair Market Value (FMV)
Fair Market Renewal Value
Finance Lease
Financing Statement (UCC-1)
Full Payout Lease
Landlord Waiver
Lease
Lease Commencement
Lease Proposal
Lease Rate
Leasing Line
Lessee
Lessor
Level Payments
Master Lease
Net Lease
Personal Property
Security Deposit
Take-Down
True Lease
Uniform Commercial Code
Usury
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The payment or payments made at the initiation of the lease contract (i.e., first rental payment or first and last rental payment).
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1-800-877-8056
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