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Investments glossary

Open-End Lease


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An open-end lease is a type of rental agreement that obliges the lessee (the person making periodic lease payments) to make a balloon payment at the end of the lease agreement amounting to the difference between the residual and fair market value of the asset. Open-end leases are also called finance leases.

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Title
Automotive Finance Video Collection - 10 Difference Between an Open Ended Lease & Close Ended Lease
Runtime
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View count
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Date posted
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Runtime
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View count
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Date posted
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