The term usually used to describe the situation where a lessee has an option to purchase the leased property at a price that is sufficiently lower than its fair market value so that the exercise of the option appears reasonably assured is:

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The term "bargain purchase option" is commonly used to describe this situation where the option to purchase the leased property is at a significantly reduced price, making it reasonably assured that the lessee will exercise the option. The other options listed are not typically used to describe this specific scenario.

The Term Usually Used to Describe the Situation Where a Lessee