renewal option

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.

Look at other dictionaries:

  • 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

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