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Meaning of lease-purchase

lease-pur•chase

Pronunciation: (lēs'pûr'chus), [key]
— n.
  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.
—adj.
  1. of or pertaining to lease-purchase.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.