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Business Definition for: lessor
Dictionary of Accounting Terms
lessor

owner of real or personal property who gives another the right to use it in return for rental payments. The three types of leases for the lessor are the direct financing lease , the sales type lease , and the operating lease .

See also lessee
Dictionary of Finance and Investment Terms
lessor
See also lease
Dictionary of Business Terms
lessor

one who grants a lease to another, thereby transferring to him exclusive temporary right of possession of certain property, subject only to rights expressly retained by the owner; same as landlord .

Dictionary of Real Estate Terms
lessor

one who rents property to another under a lease . A landlord . Compare with lessee .

Example: In the arrangement shown in Figure 112, Abel is the lessor.

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Related Terms:
lessee

individual paying a rental fee to the lessor for the right to use real or personal property. The two methods used to account for leases by the lessee are the capital lease and the operating lease.

lease

legal agreement whereby the lessee uses real or personal property of the lessor for a rental charge. The contract may provide for the time period of lease, designated purposes, and restrictions.

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 Copyright © 2006, 2003, 1998, 1995, 1991, 1987, 1985 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
 Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
 Copyright © 2004, 2000, 1997, 1993, 1987, 1984 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
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