leased
adj. US //ˈɫist// UK //lˈiːsd// leased
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1 held under a lease (adj.) B2 Upper Intermediatedescribes 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.
ExampleHe drives a leased car because he likes to get a new model every few years.
ExampleThe corporation's balance sheet distinguishes between owned assets and leased equipment to provide a clearer picture of their long-term liabilities.