Adjective "Leased" Definition and Examples


    Adjective:

    Leased


    Definition:

    1. a contract renting land, buildings, etc., to another; a contract or instrument conveying property to another for a specified period or for a period determinable at the will of either lessor or lessee in consideration of rent or other compensation.

    2. the property leased.

    3. the period of time for which a lease is made: a five-year lease. verb (used with object), leased, leasing.

    4. to grant the temporary possession or use of (lands, tenements, etc.) to another, usually for compensa

    Origin:
    lease

    Examples:

    "industries can be leased to farmers."

    "lines can be leased."

    "assets can be leased."

    "backs can be leased."

    "aircraft can be leased."

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