Leaser Meaning: Definition, Examples, and Translations
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leaser
[ˈliːzər ]
Definition
legal agreement
A leaser is an individual or entity that grants the right to use an asset for a specified period in exchange for rental payments. This term is commonly used in rental agreements related to property or equipment. The leaser retains ownership of the asset but allows the lessee to use it under agreed-upon terms.
Synonyms
Examples of usage
- The leaser provided the apartment under a one-year lease agreement.
- As a leaser, he has the right to inspect the property at any time.
- The leaser must give a 30-day notice before terminating the lease.
- In business, the leaser supplies equipment to various companies.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
Economics
- Leasing is a common practice in many industries, including real estate, automobiles, and equipment rental.
- It allows people to use expensive items without purchasing them outright, often with lower initial costs.
- In many cases, lease agreements can provide tax benefits for businesses, making them a popular choice.
Legal Aspects
- Lease agreements are legal contracts, detailing the rights and responsibilities of both the leaser and the lessee.
- Breaking a lease can have legal consequences, such as penalties or lawsuits, emphasizing the importance of understanding the terms.
Technology
- In the tech industry, companies often lease equipment or software to keep up with rapid advancements without large upfront costs.
- Cloud computing services often operate on a lease-based model, allowing businesses to pay for only what they use.
Culture
- Leasing has become an integral part of modern consumer culture, with many people preferring to lease cars than to own them.
- TV shows and movies often depict characters engaging in leases, showing both the benefits and complications of renting items.
Origin of 'leaser'
Main points about word origin
- The term 'leaser' comes from the verb 'to lease,' which has roots in the Latin word 'licere,' meaning 'to permit.'
- The practice of leasing can be traced back to ancient Mesopotamia, where people would rent land or materials.
The term 'leaser' originates from the verb 'lease,' which comes from the Old French word 'laisser,' meaning 'to let or allow.' This word can be traced back to the Latin 'lassare,' also meaning 'to allow' or 'to let.' The formal use of 'lease' began in legal and commercial contexts, particularly during the development of property law in the medieval period. As the practice of renting and leasing real estate became more common, the noun form 'leaser' emerged to designate the party who grants the lease. Today, the term is commonly used in various sectors, including real estate, vehicles, and equipment rental.
Word Frequency Rank
At position #41,041, this word is among the less frequently used terms in English. While interesting to know, it's not crucial for most English learners unless needed for specific purposes.