These example sentences are selected automatically from various online news sources to reflect current usage of the word 'leasehold.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
1710
A leasehold is an accounting category that contains leased assets.
For example, let's say that Company XYZ leases a widget-making machine from Company ABC. It pays $2,000 a month to lease the asset. It also pays $1,000 a month to lease two delivery vehicles, $3,500 a month for office space, and $400 a month for a couple of billboards around town. These are Company XYZ's leaseholds.
Leaseholds can also be for cars, manufacturing equipment, office space, photocopiers, musical instruments, solar panels, or virtually any other asset. Generally, leases are handy when one party has the capital to purchase the asset and another party does not have the capital to do so but would like access to the asset.
Leaseholds designate which assets aren't really the lessee's property. Accordingly, these are assets that companies must account for them in particular ways.
What made you want to look up leasehold? Please tell us where you read or heard it (including the quote, if possible).
Odd Habits and Quirks Quiz
Test your visual vocabulary with our 10-question challenge!
TAKE THE QUIZ
Test Your Knowledge - and learn some interesting things along the way.
TAKE THE QUIZ
