Define: Leasor

UK Accounting Glossary

Definition: Leasor


Quick Summary of Leasor


One that transfers property (such as a house or a car) by a contract.



What is the dictionary definition of Leasor?

Dictionary Definition


In a lease arrangement, a leasor is the owner of the property or product being leased.


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Full Definition of Leasor


A Leasor is a participant in a lease who takes possession of the property and provides it as a leasing subject to the lessee for temporary possession. For example, in leasehold estate, the landlord is the leasor and the tenant is the lessee.


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Examples of Leasor in a sentence


The units were on a long-term lease and were eventually returned to their leasor.
The airline ceased its operations and the aircraft was returned to the leasor on 13 March 2020.


Synonyms For Leasor


leaseholder, renter, charterer, hirer, admitter


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/leasor/
Modern Language Association (MLA):
Leasor. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 03, 2020 https://payrollheaven.com/define/leasor/.
Chicago Manual of Style (CMS):
Leasor. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/leasor/ (accessed: April 03, 2020).
American Psychological Association (APA):
Leasor. PayrollHeaven.com. Retrieved April 03, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/leasor/

Definition Sources


Definitions for Leasor are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 8th December 2019.