Word adjective
leased
adj.
US /ˈɫist/ UK /lˈiːsd/ leased
Definition
- 01 B2 Upper Intermediate
describes something, like a car or office, that you pay to use rather than owning it.
describing an asset or property held or used under the terms of a lease agreement rather than through outright ownership.
Simple“He drives a leased car because he likes to get a new model every few years.”
In context“The corporation's balance sheet distinguishes between owned assets and leased equipment to provide a clearer picture of their long-term liabilities.”
Real-world usage
“When Dean first leased the building, she called Sangster and asked if she would fly down to help figure out the floor plan.”
“In 1996, the cabin was leased for five years by the House of Blues, the restaurant and entertainment chain.”
This entry
Level B2 · Upper Intermediate
Frequency Frequent
Updated