Lexica → Word → lease
Letter | L |
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Letter name | el or ell |
Pronounciation | /ɛl/ |
Word: | lease |
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Pronounciation: | |
Century: | |
DA Name: | |
Era: | C.E. |
Origin: | Original |
Type: | Official |
Source Language: | Latin |
Source Language Words: | |
Source Text: | |
Definition: | a transfer of the right to possession and use of goods for a term in return for consideration, but a sale, including a sale on approval or a sale or return, or retention or creation of a security interest is not a lease. |