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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 ?
She couldn't trust her family doctor not to let drop the news of her condition because he was a family friend.
Someone continues to want to confront you with a side of yourself that you're unaware of, or about an issue you'd prefer they'd let drop. Don't be too quick to speak nor be reckless.
It's hardly a tip a supermodel would let drop from her lips so it's no wonder Jackie Robinson was suffering from premature ageing in 10 Years Younger.
Yesterday Gordon Brown let drop what Britain's highest-rated ex-banker is doing.
It is harder perhaps to decipher and acknowledge the shadowy legacy of Hitler's dehumanization of Jewish women in the morally frenzied shock-jock and talk-show portrayals of Monica Lewinsky as a mall-crazed, fleshy and licentious "princess." It's a no-brainer to condemn Broad Channel parade participants for mocking the Hasidic community (as they did in an earlier parade), but there's much less wrath for the well-heeled East Side denizen who, when reminded of an upcoming Jewish holiday, let drop a surly but elegantly spoken "You can tell who has all the money."
Lee Krasner is studied through a cranky phrase she let drop in an interview, the petulant "I think my painting is so autobiographical if anyone can take the trouble to read it." Wagner, sympathetic, pulls other interviews forward, other recollections, more art criticism.
In addition to the photo, Grove's marketers let drop that Gilb's novel The Magic of Blood won PEN's Ernest Hemingway Foundation Award, and one wonders if he didn't merit the award (in addition to his narrative accomplishment) for having shared the testosterone-moistened attributes of ol' Papa Hemingway.
Katie's pal said: "This is something Katie feels very strongly about and will not let drop."