Some lease contracts require that when a lessee returns an asset to the lessor, the asset must be worth some minimum amount. If not, the lessee would have to pay damages to the lessor. The minimum amount is referred to as: a sale-leaseback. a guaranteed residual value. off-balance-sheet financing. a bargain purchase option.

Some lease contracts require that when a lessee returns an asset to the lessor, the asset must be worth some minimum amount. If not, the lessee would have to pay damages to the lessor. The minimum amount is referred to as: a sale-leaseback. a guaranteed residual value. off-balance-sheet financing. a bargain purchase option