The term 'LEASE ALTERNATIVE' can be summarized as an alternative to leasing, which is a contractual arrangement in which one party (the lessor) grants the use of an asset to another party (the lessee) for a specified period of time in exchange for periodic payments. The crossword solution for this term is OWN, which means to have or hold legal title to something. Therefore, the term 'LEASE ALTERNATIVE' can be summarized as an alternative to leasing that involves having or holding legal title to something.