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Glossary of Legal, Business and Financial Terms

This glossary contains definitions of common legal terms, as well as words and phrases related to business and finance. Some terms may have different meanings based on the area of law or the context in which they are used.

Lease

A contract which conveys the right to use and occupy a rental property for a specified period of time in exchange for compensation in the form of rent. A contract for the right to hold and use equipment, vehicles and other items for a specified period, in exchange for a daily, weekly, monthly or yearly lease fee.

See Also:

Lessee

Lessor