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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 ?
The Crown Prosecution Service has defended itself against accusations that a mother-of-four, who killed herself during the sex abuse trial of her former teacher, was let down by the court system.
Another said: "I think we have been very let down by our current Government.
Staff at Frankland and elsewhere across the prison service will feel let down, dismayed and humiliated by a part of the criminal justice system in which they serve.
Female learner drivers need more attempts to pass their driving test than men and are let down by poor reversing, according to one of Britain's biggest driving schools.
Walsh also tries to advance the proposition that Air Force One was a place where the presidents could let down their guard and be seen in a more informal setting.
It challenges us when we fish hostile lakes to do so in the spirit of Peter: "If you say so, I will let down the nets.
I promise I will do my best to make this up to everybody I've let down.
But Kenny, left, admitted he felt let down by his players as they trailed 3-0 at the break last Friday at Bowl.
From everybody concerned with the club to everybody involved with football too - we are all let down.
e demonstration will see supporters voice the message that they feel let down by those responsible for their respective situations.
I feel let down," said Wilson, whose side are now five points adrift of safety.