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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 ?
There is the "Savion walk," fast paced in a large circle, as he lets loose a fussilade of taps preparing for the next groove.
Hyde, Wagner affects a simian crouch, lets down his ponytail, and lets loose a leering, sadistic persona that savors each deadly thrust of his stiletto and satisfying crack of his victims' necks.
Through the sea of helmets and jerseys, the quarterback spots his receiver downfield and lets loose with a pass.