Printer lease glossary: jargon, decoded
30 lease words, each explained in one line.
- These words decide what your lease really costs.
- Each one comes with a question to ask before you sign.
Authorised Kyocera PartnerLeasing to Australian businesses since 2010
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Showing all 30 terms
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Stage 1 of 5
Choosing the machine
Words you meet before a quote.
Where the words live on a real printer
- 1Scanner on top makes it a multifunction printer
- 2The screen shows your page count
- 3Pages per minute is how fast this tray fills
- 4Toner sits behind the front door
- 5Trays hold A4 and A3 paper
Kyocera TASKalfa, one of the machines GDS leases.
Multifunction printer (MFP)
Also called a copier or MFD
- MeansOne machine that prints, copies and scans.
- LikeA toaster, kettle and grill in one box.
- AskWhich functions will we use weekly?
A3 and A4
Paper sizes
- MeansA3 is double the size of a normal A4 page.
- LikeA ute versus a hatchback.
- AskHow often do we print big pages?
GDS also leases A3 multifunction printers.
Pages per minute (ppm)
Print speed
- MeansHow many pages the machine prints in one minute.
- LikeMore checkout lanes at the shops.
- AskDo lots of people print at once?
Duty cycle
Maximum monthly pages
- MeansThe most pages the machine can handle in a month.
- LikeThe red line on a rev counter.
- AskWhat is the recommended monthly volume?
Monthly print volume
Your usage
- MeansHow many pages you print each month.
- LikeThe usage figure on a power bill.
- AskCan you read our current counter?
Mono and colour pages
Mono means black and white
- MeansColour pages cost several times more than mono.
- LikeA toll charged in full for a short trip.
- AskWhen does a page count as colour?
Stage 2 of 5
Signing the deal
Words in the contract.
Who you deal with
Printer lease
Also called an operating lease
- MeansYou pay monthly to use a machine you do not own.
- LikeLeasing a work car.
- AskWhat are my options when it ends?
Finance lease
Like paying it off
- MeansYou pay the machine off, often with a final payment.
- LikeA car loan with a balloon payment.
- AskWho owns it at the end?
Rental agreement
Often used to mean a lease
- MeansYou rent the machine and hand it back at the end.
- LikeRenting a house, not buying it.
- AskIs this a rental or a finance lease?
Lease term
Contract length
- MeansHow long you are locked in, usually 3 to 5 years.
- LikeA 24 month phone plan.
- AskWhat does it cost to leave early?
GDS offers 3, 4 or 5 year lease plans.
Master lease agreement
The finance contract
- MeansThe contract with the finance company, not the seller.
- LikeA home loan, separate from the builder.
- AskWho is the finance company?
Service level agreement (SLA)
The service contract
- MeansCovers toner, parts, repairs and repair speed.
- LikeA new car's service plan.
- AskWhat does the SLA leave out?
GDS plans cover breakdown servicing.
Stage 3 of 5
Paying each month
Words that set your bill.
Cost per page (CPP)
Also called click charge
- MeansA small charge for every page you print.
- LikePaying per kilometre on a fleet car.
- AskWhat does the page rate include?
Minimum volume
Also called base volume
- MeansPages you pay for every month, used or not.
- LikeA gym membership.
- AskIs the minimum based on real usage?
Excess page charge
Also called overage
- MeansA charge for pages over your allowance.
- LikeExcess data on a phone plan.
- AskWhat is the excess rate?
Meter reading
The page count
- MeansThe machine's page counter, used to bill you.
- LikeThe water meter at your house.
- AskCan I see every reading?
Annual escalation
Also called a CPI increase
- MeansA yearly price rise written into the contract.
- LikeRent going up each year.
- AskIs the yearly rise capped?
Consumables and toner yield
Toner and drums
- MeansParts that get used up, and how long they last.
- LikeA car's official fuel figure.
- AskAre toner and drums included?
GDS plans include toner and drum.
Where your monthly bill comes from
Four parts make up most lease bills.
Tap a month to see what changes.
- Lease payment stays the same.
- Included pages are paid even if unused.
- Excess pages appear in busy months.
- Yearly increase if your contract has one.
Quiet month: you pay for pages you never print.
Stage 4 of 5
Keeping it running
Words about service.
Managed print services (MPS)
Print management
- MeansA provider looks after all your printers for you.
- LikeManaged IT, but for printers.
- AskWhich devices are covered?
GDS also runs managed print for offices.
Print fleet
Every device you use
- MeansAll the printers and copiers your business uses.
- LikeA company's fleet of cars.
- AskHow many devices do we have?
Response time
Not the same as fix time
- MeansHow fast a technician must respond to a fault.
- LikeThe ambulance arriving, not leaving hospital.
- AskIs that response time or fix time?
Uptime
Also called availability
- MeansHow much of the time the machine works.
- LikeA train line's on time record.
- AskWhat if it keeps breaking down?
Remote support
Device monitoring
- MeansThe supplier checks and fixes the machine online.
- LikeA monitored home alarm.
- AskWhat data does the machine send?
GDS plans include remote support.
Secure print release
Follow me printing
- MeansPages only print when you tap a card or PIN.
- LikeShowing ID to collect a parcel.
- AskDoes it need extra licences?
Stage 5 of 5
Ending or upgrading
Words for the last day.
How a 5 year lease ends
Automatic renewal
Also called an evergreen clause
- MeansThe contract rolls on if you miss the notice date.
- LikeA streaming subscription.
- AskHow much notice do I give?
Notice period
The window before the end
- MeansHow early you must say you are leaving.
- LikeGiving notice on a rental.
- AskCan you remind us before it opens?
Payout figure
Settlement amount
- MeansWhat it costs to end the lease early.
- LikePaying out a car loan early.
- AskCan I have it in writing?
Stuck in a contract? Here are your options for switching early.
Residual
Balloon payment
- MeansA lump sum to keep the machine at the end.
- LikeA car loan balloon payment.
- AskIs there a residual?
Upgrade or roll over
Swapping machines mid term
- MeansYour old balance can be added to a new contract.
- LikeTrading in a phone early.
- AskHow much old balance is in the new price?
GDS plans include free upgrades or downgrades.
Fair wear and tear
Return condition
- MeansRules on the state the machine must be returned in.
- LikeThe bond inspection when you move out.
- AskWho pays for collection?
Six things to confirm before you sign
Tick each one off as you read a quote.
0 of 6 confirmed
Quick answers
Cost per page or excess charge?
Cost per page is your normal rate, excess is the rate for extra pages.
What is an evergreen clause?
It renews your contract automatically if you miss the notice date.
Is a lease the same as managed print?
No, a lease pays for the machine and managed print pays for looking after it.
Running several offices? See this glossary of managed print terms.
How do I find my print volume?
Read the page counter, wait a month, read it again and subtract.
Can I end a lease early?
Usually, by paying the payout figure, so ask for it in writing.
Now the quote will make sense
See your lease figure in about 60 seconds.
Toner, drum, servicing and remote support included.
General information only, not legal or financial advice. Updated October 2026.









