A camshaft located above the cylinder head or heads instead of in the cylinder block. Open End Lease With an open-end lease, there is still a residual value set at the beginning of the lease. However, if the car is worth less than the residual value at the lease's end, the lessee must pay the difference. In other words, the lessee assumes the risk for depreciation with an open-end lease.
Ontario Housing Corporation. This agency of the provincial government had responsibility for provincially-owned housing and for the direction of LHAs. Under the Social Housing Reform Act, its mandate has been reduced significantly.