Monday, May 27, 2013

lessee

Term of the Day

lessee

User or renter of the leased asset or property. In case of capital leases, the lessee is also the 'debtor' to the lessor. When real estate is leased, the lessee is called a tenant.
Usage Example
CP, which cited weakness in the thermal coal market for its decision, is seeking a partner, buyer or lessee for a portion of that line.
Source: CP Railway sees big profit boost in 2013 after tough fourth quarter - Yahoo! News Canada
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