What is LIBOR? It is the London Interbank Offered Rate. Wait, what is it? It’s the rate of interest at which banks offer to lend money to one another in the wholesale money markets in London. It is a standard financial index used in U.S. capital markets and can be found in the Wall Street Journal. In general, its changes have been smaller than changes in the prime rate. This is how it is used: [...]

Definition from Wikipedia and the Dictionary of Real Estate Terms (6th Edition) A lease purchase contract (or lease option contract) is the abbreviated form of the appropriate term lease with option to purchase contract. It is a form of real estate purchase which combines elements of a traditional rental agreement with an exclusive option of right of first refusal to later purchase the home. These contracts are commonly used where a buyer wants to purchase [...]