- renewal option UK US noun [C]► the right to continue an agreement for an extra period of time: »
It is a 20-year lease with a five-year renewal option.»
We can offer you some great renewal options for your cell phone contract.
Financial and business terms. 2012.
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Renewal Option — A clause in a lease that outlines the terms for renewing or extending an original lease agreement. The renewal option appears as a covenant in the original lease and provides specifications under which the leaseholder can renew or extend the… … Investment dictionary
Bargain Renewal Option — A clause in a lease agreement that gives the lessee the option to renew or extend the original lease on an asset at rates well below market rates. The inclusion of such a clause would require the lessee to classify the lease as a capital lease… … Investment dictionary
bargain renewal option — See: capital lease … Accounting dictionary
renewal — Placement of a day order identical to one not completed on the previous day. Bloomberg Financial Dictionary * * * renewal re‧new‧al [rɪˈnjuːəl ǁ ˈnuː ] noun 1. [countable, uncountable] COMMERCE when people arrange for a contract, agreement, deal… … Financial and business terms
renewal — noun 1 making valid for a further period of time ADJECTIVE ▪ annual ▪ automatic ▪ contract, licence/license, membership VERB + RENEWAL ▪ … Collocations dictionary
Urban renewal — For other uses, see Urban renewal (disambiguation). Melbourne Docklands urban renewal project, a transformation of a large disused docks into a new residential and commercial precinct for 25,000 people … Wikipedia
year-to-year renewal — The option of the maker of a note for indefinite renewal. 11 Am J2d B & N § 306 … Ballentine's law dictionary
ПРАВО НА ВОЗОБНОВЛЕНИЕ — (renewal option) право арендатора на возобновление лизинга или продление его срока по истечении первичного периода аренды. Расчет ставки арендных платежей производится в этом случае, как правило, исходя из остаточной стоимости оборудования. При… … Внешнеэкономический толковый словарь
Oncology Nursing Certification Corporation — The Oncology Nursing Certification Corporation (ONCC) was established for the development, administration, and evaluation of a program for certification in oncology nursing. Incorporated in 1984 and governed by a board of directors, ONCC is the… … Wikipedia
Term life insurance — or term assurance is life insurance which provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires coverage at the previous rate of premiums is no longer guaranteed and the client… … Wikipedia