comodato Definition
a contract in which one party lends an asset to another party for a specific period of time, with the understanding that the asset will be returned.
Using comodato: Examples
Take a moment to familiarize yourself with how "comodato" can be used in various situations through the following examples!
Example
The comodato agreement allowed the company to use the equipment for a year.
Example
The museum received the painting on comodato from the private collector.
Summary: comodato in Brief
'Comodato' [komoˈdato] is a noun that refers to a contract in which one party lends an asset to another party for a specific period of time, with the understanding that the asset will be returned. It is often used in legal and business contexts, as in 'The comodato agreement allowed the company to use the equipment for a year.'
