DEFINITION of "Leasing"

Lease (les) n. 1.A contract granting use or occupation of land or holdings during a specified period in exchange for rent. 2. Property used or occupied in exchange for rent. 3. An extension under improved circumstances: a new lease on life --tr. v.leased,

leasing, leases 1.To use or occupy by contract in exchange for rent. 2. A modern financial means of acquiring personal property (equipment), often with a option to purchase, most often at the termination of the contract. {Middle English les, from Norman French, from Lesser, to lease, from Old French laissier, to let go, leave, from Latin laxare, to let go, loosen, from laxus, LAX.} ---leas’a-ble.adj.

Christopher "Kit" Menkin
Founding Partner
American Leasing