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.
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.
