rent-to-own dealer
Defined in 1 place of the United States Code.
The term “rent-to-own dealer” means a person that, in the ordinary course of business, regularly enters into rent-to-own contracts with customers for the use of consumer property, if a substantial portion of those contracts terminate and the property is returned to such person before the receipt of all payments required to transfer ownership of the property from such person to the customer.
Source
- 1997–present26 U.S.C. § 168Internal Revenue Code · Accelerated cost recovery system · under this section