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lease
(redirected from leased)

    Also found in: Dictionary/thesaurus, Medical, Legal, Idioms, Wikipedia, Hutchinson 0.03 sec.
Lease
An agreement in which one party gains a long-term rental agreement, and the other party receives a form of secured long-term debt.

Notes:
The lessee gains a long term contract for the use of an asset, and the lessor is assured of regular payments for a specified number of years.

Lease
A long-term rental agreement, and a form of secured long-term debt.
lease
An agreement that permits one party (the lessee) to use property owned by another party (the lessor). The lease, which may be written either for a short term or for a long term, often results in tax benefits to both parties. See also capital lease, gross lease, leveraged lease, net lease, operating lease.
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