Dictionary of Procurement Terms

Welcome to the NIGP Online Dictionary of Procurement Terms, the comprehensive reference for public purchasing terms and concepts.

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Search Results: 1-1 of 1 result for “Operating Lease”
  • Operating Lease

    A service lease, usually short-term, including both financing and servicing of the item leased; payments made under the lease are generally not sufficient to recover the full cost of the equipment.

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