Leasing Glossary

Glossary of Leasing Terms

A Advance Rental Accessories	I Interest rate IRD (Inland Revenue Department)
B Balloon Payment	L Lessor Lessee Lease to own Lease rate
C Capital Cost CCCFA Consumer Credit Sale Agreement Credit approval	M Maintenance Master Lease Agreement
D Deposit Delivery costs Depreciation Default charges	O Operating Lease ORC (On-Road-Costs)
E Early termination Excess usage Excess wear and tear	P Purchase option
F Fair wear and tear Finance Lease Final lease payment Funder FBT Full maintenance	R Residual Value
G GAP Insurance GST	S Sale & Leaseback Seasonal Lease Rental Structured Lease Rental
H Hire purchase