lease — 1 / lēs/ n [Anglo French les, from lesser to grant by lease, from Old French laisser to let go, from Latin laxare to loosen, from laxus slack] 1 a: a contract by which an owner of property conveys exclusive possession, control, use, or enjoyment… … Law dictionary
lease — a legal contract covering the possession and use of property, plant or equipment between the owner ( lessor) and another person ( lessee) at a given rent, for a stated length of time. Glossary of Business Terms A contract providing for the use of … Financial and business terms
Lease — A long term rental agreement, and a form of secured long term debt. The New York Times Financial Glossary * * * ▪ I. lease lease 1 [liːs] verb [transitive] COMMERCE 1. if you lease something to someone, you give them the right to use it for a… … Financial and business terms
Lease Balance — The amount of money that a customer owes under the terms of a vehicle lease contract. The lease balance becomes important in two main situations. The first is in the event that a car is stolen and not recovered, is totaled in an accident or is… … Investment dictionary
agreement — a|gree|ment [ ə grimənt ] noun *** 1. ) count an arrangement or decision about what to do, made by two or more people, groups, or organizations: Our agreement was that you would pay by the first of the month. Check the terms of your lease… … Usage of the words and phrases in modern English
Lease To Own — An arrangement where an individual enters into a lease agreement with an owner with the inclusion of a clause that typically gives the individual the right, but not the obligation, to purchase the item leased at a predefined price and time. More… … Investment dictionary
lease plus agreement — (LPA). The standard form of agreement to govern the occupation of NHS LIFT premises. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 … Law dictionary
agreement — agree·ment n 1 a: the act or fact of agreeing by mutual agreement b: unity of opinion, understanding, or intent; esp: the mutual assent of contracting parties to the same terms if they reach agreement ◇ Under common law, agreement is a necessary… … Law dictionary
agreement — [n1] concurrence acceding, accession, accommodation, accord, accordance, acknowledging, adjustment, affiliation, affinity, alliance, amity, approving, arbitration, arrangement, assenting, authorizing, bargaining, compatibility, compliance,… … New thesaurus
lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… … Black's law dictionary