This refers to the loss in the value of an asset that occurs over its period of ownership.

This item in the lease contract is calculated as the total price of the leased vehicle, including its

negotiated cost and any applicable fees and taxes.

This type of lease arrangement is often called a walk$-$away lease, because it allows the lessee to

merely return the vehicle provided that the preset mileage limit has not been exceeded and the vehicle

hasn't been abused.

This is a legal agreement which states that the details of the sale of the asset $($for example, a car$)$ to the

purchaser.

This term refers to the estimated value of a leased asset at the end of the lease period.