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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 ?
FAST bowler Steve Kirby was banned from finishing an over after letting fly with a ball that hit Derbyshire tail-ender Andy Gray in the chest.
I am not proud of it but letting fly a four letter fusillade, especially while driving, can be almost as stress-busting as Dire Straits (I know, I know but I'm an elderly person) on the CD player.
Ramsay is best known for his uncompromising style in the kitchen, often letting fly at staff with foul-mouthed tirades.