Topical Terminology > Early Termination Penalty Or Fee
1 Definition
Early Termination Penalty or Fee
For Early Termination Penalty or Fee we have a term and definition in Auto Lease.
Early Termination Penalty Or Fee (Auto Lease) 
The amount the lessee owes if the lease ends before its scheduled termination date. The lease agreement will describe how it is calculated. Generally, the earlier the lease is terminated, the greater this charge is likely to be.
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