Glossary Term: LEASE
Definition(s) for LEASE:
1. ) A contract providing for the use of property in which one party (the owner, landlord, or lessor) allows another party (the tenant or lessee) to use the property in exchange for value given to the lessor. May cover either real or personal property.
2. ) A contract between a lessor and a lessee for the use of a vehicle or other property, subject to stated terms and limitations, for a specified period and at a specified payment.
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See Also:
CONSUMER LEASE, DIRECT LEASE, FINANCE LEASE, NET LEASE, OPERATING LEASE, TRUE LEASE, CAPITAL LEASE, COST OF LEASE FINANCING, FINANCIAL LEASE, FULL-SERVICE LEASE, GROSS LEASE, GROUND LEASE |
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Fund Letters
