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Terms Used In 14 Guam Code Ann. § 2107

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
ansferee means an assignee of the right to payment of a seller or lessor arising out of a consumer credit sale or a consumer lease, other than a person who takes an assignment in bulk as security for a loan.