Definition of lessor
: one that transfers property (such as a house or a car) by a contract
Examples of lessor in a Sentence
lessors are free to charge as much as they want for a house
Recent Examples of lessor from the Web
The full $2500 goes to buyers or lessors of EVs with battery capacities above 10 kWh, such as the 30-kWh Nissan Leaf.
Boeing topped up its tally by announcing a firm order for 125 737 MAX 8 airplanes with an undisclosed customer and another deal with lessor AerCap to convert 15 of its MAX 8 orders into the larger MAX 10.
Avolon, a rapidly expanding aircraft lessor — Chinese owned, though headquartered in Ireland — ordered 75 MAX 8s.
Megan McCarthy, a spokeswoman for United, declined to comment on a potential order, as did CDB Aviation Lease Finance, the Chinese aircraft lessor, Jet Airways and SpiceJet.
As City Manager George Rodericks explained, that would allow the town to essentially get a loan from a bank, becoming both the lessor and lessee of its own buildings.
But creditors—including container lessors, insurance providers and the Port of Seattle—say Hanjin’s stake is worth more and want a judge to throw out, delay or modify the proposed sale.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'lessor.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Origin and Etymology of lessor
Middle English lessour, from Anglo-French, from lesser to lease
First Known Use: 14th centurySee Words from the same year
LESSOR Defined for English Language Learners
Definition of lessor for English Language Learners
law : a person or company that leases property (such as a car or house) to someone
Legal Definition of lessor
: a person who conveys the possession of real or personal property under a lease
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