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Also available:
World English Dictionary
Dictionnaire Français
step payment lease
step pay·ment lease
(
plural
step pay·ment leas·es
)
noun
Definition:
lease with variable payments:
a lease in which the monthly payment either increases or decreases to a predetermined level over the term of the lease
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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