leasing
Pronunciation: [ˈliːsɪŋ]
Word
Context: "finance"
(noun) leasing means an agreement where one person pays to use something that belongs to someone else, like a car or a house. It's like renting for a longer time, where you get to use it but do not own it.
Example
They signed a leasing agreement to use the office space for three years.
Example
He decided against leasing a car, choosing to buy one instead.
Example
What are the benefits of leasing versus buying?
Context: "finance"
(verb) to lease something means to make an agreement to use it for a specific time and to pay money for that use. For example, if you lease a bike, you can ride it but you don't own it.
Example
She is leasing a new apartment for the next year.
Example
They are not leasing any equipment this season.
Example
Are you planning to lease a new vehicle soon?
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