renewal option
noun[C]
ukustherighttocontinueanagreementfor anextraperiodoftime:
It is a 20-yearleasewith a five-yearrenewaloption.
We canofferyou somegreatrenewaloptionsforyourcellphonecontract.
Examplesofrenewal option
renewal option
The agreement is valid for 99 years and has arenewaloption.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The lease agreement was for 50 years, with arenewaloptionfor an additional 50 years.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.There is also an online open book examrenewaloption.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Most level term programs include arenewaloptionand allow the insured to renew for a maximum guaranteed rate if the insured period needs to be extended.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Two five-year renewal options were included with the principal 17-year lease.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The agreement gives the team four five-year renewal options after 2023.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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