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Glossary Term: LESSEE

Definition(s) for LESSEE:


1. ) The renter or tenant. A party using under lease an asset owned by another party. See Lessor, Sublease.

2. ) The party to whom the vehicle is leased. In a consumer lease, the lessee is you, the consumer. The lessee is required to make payments and to meet other obligations specified in the lease agreement.



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