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Simple English definitions for legal terms

consumer lease

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A quick definition of consumer lease:

A consumer lease is when someone rents something, like a car or a TV, from a company that specializes in renting those things to people for personal use. The person who rents the item pays a fee, called rent, to the company for the right to use it for a certain amount of time. It's like borrowing something, but you have to pay for it.

A more thorough explanation:

Definition: A consumer lease is a contract by which a person who is in the business of selling or leasing a product primarily for personal or household use conveys the right to use that product in exchange for consideration. It is also known as a lease agreement or lease contract.

Example: A car dealership offers a consumer lease to a customer who wants to lease a car for personal use. The customer pays a monthly fee to use the car for a specified period, usually a few years. At the end of the lease term, the customer can either return the car or buy it at a predetermined price.

Explanation: The example illustrates a consumer lease where the car dealership leases a car to a customer for personal use. The customer pays a monthly fee to use the car, and the dealership retains ownership of the car. The lease agreement specifies the terms and conditions of the lease, including the lease term, monthly payments, and end-of-lease options.

consumer-goods transaction | consumer loan

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
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