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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 ?
Kay Hymowitz, arguing that parents should exert more control, lets fall that her young daughter wrote a story in which the mother was "not very dependable" because she was "a writer .
and behind the scar * the womb that lets fall still its load of menses calender-regular * as it has done since I was fourteen though now I log the times * and wait for the change like a weatherwoman * questioning her bones and her books for the onset of autumn
In one, for instance, the celestial sphere is a ball that a child sometimes lets fall on the floor.