leasepurchase

lease-purchase

[lees-pur-chuhs]
noun
1.
the continuing use of property or goods under a lease for a stipulated period with option for the lessee to buy and with part of the rental charges credited toward the purchase price.
adjective
2.
of or pertaining to lease-purchase.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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