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Landoll

Brand name for a tiltbed trailer/roll off trailer used to pick-up and deliver containers in the domestic container rental industry.

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Lease Purchase (LP)

Lease agreement whereby title to the goods on lease transfer from lessor to lessee upon complete payments of all rents and a residual value due under contract.

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Lessor

A person or business who rents a container from a Lessee.

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Lessee

A person or business who rents out containers to Lessors

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Long Term Lease (LTL)

Lease agreement that requires lessee to keep equipment on lease for a pre-determined period, usually 7 or more years.

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