lessor
1275 Views

GC: n

S: IG – http://www.investorguide.com/article/15961/lessor-vs-lessee-the-fundamentals-of-lease-agreements-d1503/ (last access: 9 November 2017); http://bdlaws.minlaw.gov.bd/sections_detail.php?id=48&sections_id=16323 (last access: 9 November 2017).

N: 1. “one who grants a lease,” late 14c., from Anglo-French lessor (late 13c.), from verb lesser “to let, to leave” (10c., Modern French laisser), from Latin laxare, from laxus “loose” (from PIE root *sleg- “be slack, be languid”).
2. Law: a person or company that leases property (such as a car or house) to someone.
3. At its core, a lessor is someone who owns a property, object, trademark, business, or any other piece of real or intellectual property. The lessee pays the lessor for the right to use said property.
4. Term to be avoided: leasor.
leasor; leasee: these are laymen’s blunders for “lessor” and lessee.

S: 1. OED – https://www.etymonline.com/word/lessor (last access: 9 November 2017). 2. MW – https://www.merriam-webster.com/dictionary/lessor (last access: 9 November 2017). 3. IG – http://www.investorguide.com/article/15961/lessor-vs-lessee-the-fundamentals-of-lease-agreements-d1503/ (last access: 9 November 2017). 4. TERMIUM PLUS – http://www.goo.gl/9UT3ho (last access: 9 November 2017).

SYN:
S:

CR: landlord, lease, lessee, tenant.