LEASE TO OWN
An agreement where an individual is given an option - not an obligation - to purchase the asset after the lease period ends. This arrangement includes a clause where the renter will purchase the property at a predetermined price and time. In most cases, a percentage of the total rental payment goes to paying the amount of the leased item, should the renter wants to exercise this right.
The rates stated in lease to own agreements are more expensive than the standard rental arrangements. In housing properties, the lessee will have to pay the option fee and the rent premium aside from the rental fee.
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Target Return
Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
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| 04:00 | Expected Annual Inflation 2y from now | 4 quarter | |
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| 01:30 | Westpac Consumer Sentiment | Nov | |
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