### Question
How is the term long-term lease or charter defined?


### Answer
The term **long-term lease or charter** is defined in *10 U.S.C. § 3674* as the following:

> a lease, charter, service contract, or conditional sale agreement—


(i) the term of which is for a period of three years or longer

#### Citation:
  - *10 U.S.C. § 3674*
  - Heading: **Subtitle A-General Military Law > PART V-ACQUISITION > Subpart C-Contracting Methods and Contract Types > CHAPTER 257-CONTRACTS FOR LONG-TERM LEASE OR CHARTER OF VESSELS, AIRCRAFT, AND COMBAT VEHICLES**

