lessor

noun

: 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 on the Web Insurance companies argue that lessors should have done more to repossess the planes from Russia–and that the U.S. is in a de facto war with Russia, which would void some claims. Alan Murray, Fortune, 20 Mar. 2024 The airline is near a deal to replace some of those with at least three dozen Airbus A321 jets secured from aircraft lessors, Bloomberg has reported. Anthony Palazzo, Fortune, 18 Mar. 2024 The average monthly rent for these matches is $609, but some lessors provide rooms in exchange for services, such as help with yard work, meal preparation, housekeeping and companionship. Lauren J. Mapp, San Diego Union-Tribune, 15 Jan. 2024 But building management and a lessor of office space there said AdStyle isn’t a tenant. Craig Silverman, ProPublica, 10 July 2023 The small fleet grounded four aircraft a year ago after missing rental payments, and the lessor is seeking $191 million in a contested legal battle. Emma Hinchliffe, Fortune, 27 June 2023 Many dealers require lessors to put down a security deposit after signing the lease. Jim Slavik, Car and Driver, 21 June 2023 Veteran lessor Steven Udvar-Házy Chairman of Air Lease Corporation is willing to lease aircraft to start ups in the current crisis but not before forensically analysing their business plans and operating context and will limit exposure to only a few percentage points of total business. John Strickland, Forbes, 30 June 2021 The airline was also looking to dissuade lessors from taking action. Reuters, CNN, 3 May 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'lessor.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

Etymology

Middle English lessour, from Anglo-French, from lesser to lease

First Known Use

14th century, in the meaning defined above

Time Traveler
The first known use of lessor was in the 14th century

Dictionary Entries Near lessor

Cite this Entry

“Lessor.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/lessor. Accessed 14 Apr. 2024.

Kids Definition

lessor

noun
: one that leases property to another

Legal Definition

lessor

noun
: a person who conveys the possession of real or personal property under a lease

More from Merriam-Webster on lessor

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