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Keepwell Agreement What is 'Keepwell Agreement' A contract between a parent company and its subsidiary to maintain solvency and financial backing throughout...
DefinitionHeavy industry is industry that involves one or more characteristics such as large and heavy products; large and heavy equipment and facilities; or complex...
DefinitionA lease is a contractual arrangement calling for the to pay the lessor for use of an asset. Property, buildings and vehicles are common...
Sandwich Lease What is 'Sandwich Lease' A lease in which a party rents property from the property owner and then subsequently leases...
DefinitionVendor finance is a form of lending in which a company lends money to be used by the borrower to buy the vendor's products...
Fair Market Value Purchase Option
Fair Market Value Purchase Option What is 'Fair Market Value Purchase Option' The right but not the obligation to buy a leased...
Walk-Away Lease What is 'Walk-Away Lease' A common type of car lease in which the lessee returns the car at the end...
Joint Stock Company
DefinitionA joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns...
Lease Balance What is 'Lease Balance' The amount of money that a customer owes under the terms of a vehicle lease contract....
Lease Extension What is 'Lease Extension' A legal agreement that extends the term of a rental agreement. The lease extension document should...
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