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Related to let up: rub off, turn out to be


An agreement between two parties whereby one party allows the other to use his/her property for a certain period of time in exchange for a periodic fee. The property covered in a lease is usually real estate or equipment such as an automobile or machinery. There are two main kinds of leases. A capital lease is long-term and ownership of the asset transfers to the lessee at the end of the lease. An operating lease, on the other hand, is short-term and the lessor retains all rights of ownership at all times.


To rent out.

References in periodicals archive ?
At UPS centers in Atlanta, New York, Philadelphia, Chicago, Dallas/Fort Worth, Los Angeles, Seattle, and other cities, Teamster members will rally before work to kick off the first round of bargaining for a new national contract and let UPS top brass know they mean business.