Leasing and Renting

Leasing

Leasing is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax deductible payments.

Leasing \Leas"ing\, n. [AS. le['a]sung, fr. le['a]s loose, false, deceitful. See {-less}, {Loose}, a.] The act of lying; falsehood; a lie or lies. [Archaic] --Spenser. [1913 Webster] Thou shalt destroy them that speak leasing. --Ps. v. 6. [1913 Webster] Blessed be the lips that such a leasing told. --Fairfax. [1913 Webster] {Leasing making} (Scots Law), the uttering of lies or libels upon the personal character of the sovereign, his court, or his family. --Bp. Burnet. [1913 Webster]

Lease \Lease\ (l[=e]s), v. t. [imp. & p. p. {Leased}; p. pr. & vb. n. {Leasing}.] [F. laisser, OF. laissier, lessier, to leave, transmit, L. laxare to loose, slacken, from laxus loose, wide. See {Lax}, and cf. {Lesser}.] 1. To grant to another by lease the possession of, as of lands, tenements, and hereditaments; to let; to demise; as, a landowner leases a farm to a tenant; -- sometimes with out. [1913 Webster] There were some [houses] that were leased out for three lives. --Addison. [1913 Webster] 2. To hold under a lease; to take lease of; as, a tenant leases his land from the owner. [1913 Webster]

Leasing (Ps. 4:2; 5:6) an Old English word meaning lies, or lying, as the Hebrew word _kazabh_ is generally rendered.

Renting

Renting, also known as hiring, is an agreement where a payment is made for the temporary use of a good, service or property owned by another.

renting n : the act of paying for the use of something (as an apartment or house or car) [syn: {rental}]

Rent \Rent\, v. t. [imp. & p. p. {Rented}; p. pr. & vb. n. {Renting}.] [F. renter. See {Rent}, n.] 1. To grant the possession and enjoyment of, for a rent; to lease; as, the owwner of an estate or house rents it. [1913 Webster] 2. To take and hold under an agreement to pay rent; as, the tennant rents an estate of the owner. [1913 Webster]

Data Sources:

  • leasing: The Collaborative International Dictionary of English v.0.44
  • leasing: The Collaborative International Dictionary of English v.0.44
  • leasing: Easton's 1897 Bible Dictionary
  • renting: WordNet (r) 2.0
  • renting: The Collaborative International Dictionary of English v.0.44

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