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leasing

[ˈliːsɪŋ]

leasing Definition

the act of renting property, especially a car or equipment, for a specified period of time in exchange for payment.

Using leasing: Examples

Take a moment to familiarize yourself with how "leasing" can be used in various situations through the following examples!

  • Example

    The company offers leasing options for their vehicles.

  • Example

    We are considering leasing the equipment instead of buying it outright.

  • Example

    Leasing a car can be a good option for those who don't want to commit to a long-term purchase.

leasing Synonyms and Antonyms

Synonyms for leasing

Phrases with leasing

  • a type of lease agreement where the lessee rents an asset from the lessor for a limited period, typically less than the useful life of the asset, and returns it at the end of the lease term

    Example

    The company opted for an operating lease on their new office space.

  • a type of lease agreement where the lessee rents an asset from the lessor for a fixed period, typically the useful life of the asset, and has the option to purchase the asset at the end of the lease term

    Example

    The business decided to go with a finance lease for their new equipment.

  • capital lease

    a type of lease agreement where the lessee rents an asset from the lessor for a fixed period, typically the useful life of the asset, and is considered to have ownership of the asset for accounting purposes

    Example

    The company entered into a capital lease for their new building.

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Summary: leasing in Brief

The term 'leasing' [ˈliːsɪŋ] refers to the act of renting property, such as a car or equipment, for a specified period of time in exchange for payment. It is a flexible option that allows for short-term use without the commitment of a long-term purchase. Leasing can take different forms, such as operating, finance, or capital leases.