Nonsegregated Disclosures

AAA

DEFINITION of 'Nonsegregated Disclosures '

Information that legally must be presented anywhere in a lease agreement. Nonsegregated disclosures are required by the Federal Reserve Board Regulation M. The lease agreement must also contain segregated disclosures, which are placed in a distinct and defined section of the contract. These are intended to protect consumers by clearly providing them with all the information they need to understand the contracts they are entering.

INVESTOPEDIA EXPLAINS 'Nonsegregated Disclosures '

Nonsegregated disclosures include information about government-required fees and taxes; whether the lessor or lessee will be responsible for insurance and how much it will cost; the leased item's estimated residual value; standards of excess wear and tear; lessor and lessee maintenance responsibilities; early termination and default; warranties; lessor's security interest; late payment fees; and whether there is a purchase option and what the purchase option price is.

RELATED TERMS
  1. Lease

    A legal document outlining the terms under which one party agrees ...
  2. Regulation Fair Disclosure - Reg ...

    A rule passed by the Securities and Exchange Commission in an ...
  3. Regulation M

    An IRS regulation that allows regulated investment companies ...
  4. Disclosure

    The act of releasing all relevant information pertaining to a ...
  5. Full Disclosure

    1. The U.S. Securities and Exchange Commission's (SEC) requirement ...
  6. Adverse Domination

    A legal doctrine that allows regulators to bring litigation against ...
Related Articles
  1. Should You Buy Property On Leased Land? ...
    Retirement

    Should You Buy Property On Leased Land? ...

  2. Exploring Advanced Insurance Contract ...
    Home & Auto

    Exploring Advanced Insurance Contract ...

  3. How To Read Loan And Credit Card Agreements
    Credit & Loans

    How To Read Loan And Credit Card Agreements

  4. New Wheels: Lease Or Buy?
    Home & Auto

    New Wheels: Lease Or Buy?

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center