A type of property lease in which the person signing the lease pays all of the expenses that normally coincide with ownership of the asset. Sometimes it is referred to as a closed-end lease and means that the lessee has to pay fees such as utilities, repairs, taxes, insurance, and so on.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser