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What is "lessor"

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lessor
Longman Dictionary of Contemporary English
lessor
noun
EXAMPLES FROM CORPUS
▪ A lease can often be obtained more easily than a loan can be arranged because the lessor retains title to the asset.
▪ If the lease contains an absolute prohibition on assignment, there is no obligation on the lessor to give consent.
▪ In the case of leaseholds, of course, the property may be insured by the lessor under the terms of the lease.
▪ Is the lessee then in a stronger position and the lessor in a weaker position?
▪ It is also worth noting that an operating lease transfers the risk of obsolescence from the lessee to the lessor.
▪ The asset belongs to the lessor, and so capital allowances are not available to the company.
▪ The primary advantage to the lessor in this transaction stems from the tax benefits.
▪ To achieve a lower after-tax cash flow as early as possible, lessors normally set up leasing subsidiaries with different year ends.
The Collaborative International Dictionary
Lessor

Lessor \Les"sor\ (l[e^]s"s[o^]r or l[e^]s*s[^o]r"), n. [See Lessee, Lease, v. t.] (Law) One who leases; the person who lets to farm, or gives a lease.
--Blackstone.

Douglas Harper's Etymology Dictionary
lessor

"one who grants a lease," late 14c., from Anglo-French lessor (late 13c.), from verb lesser (see lease).

Wiktionary
lessor

n. The owner of property that is lease.

WordNet
lessor

n. someone who grants a lease [syn: lease giver]

Wikipedia
Lessor

Lessor is the name of two places in the United States:

  • Lessor, Wisconsin, a town
  • Lessor Township, Minnesota
Lessor (leasing)

Lessor is a participant of the leasing contract, who takes possession of the property and provides it as a leasing subject to the lessee for temporary possession.

Commercial banks, credit non-bank organizations, leasing companies often act as a lessor.

Usage examples of "lessor".

For the lease, which was the original covenantee's estate, was ended by the death of the lessor and termination of the estate tail out of which the lease was granted, before the form of assignment to the plaintiff.

It was worshiped, yes, by lessors with some small gram of intelligence, yet had no sense of obligation or caring for those who worshiped it.