lessor

noun
les·​sor | \ ˈle-ˌsȯr How to pronounce lessor (audio) , le-ˈsȯr How to pronounce lessor (audio) \

Definition of lessor

: one that transfers property (such as a house or a car) by a contract

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Synonyms & Antonyms for lessor

Synonyms

Antonyms

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Examples of lessor in a Sentence

lessors are free to charge as much as they want for a house
Recent Examples on the Web The biggest lessor of space at Chateauroux is Airbus, which is storing some 23 planes that can’t yet be delivered to customers. Tara Patel, Bloomberg.com, "This Parking Lot Is Full: French Airport Turns Away Idled Planes," 29 Aug. 2020 The construction of the parking lot was then found to have been issued a premature permit and was then revoked, causing significant money to be spent by the sub-lessor before the project was halted. Ryan Nickerson, Houston Chronicle, "Bellaire Council delays street improvements, addresses unrest," 6 June 2020 Most of the arrests were for curfew violations and a lessor extent looting Department did not have specific breakdown. NBC News, "Protesters take a knee outside Trump Hotel in New York City," 4 June 2020 The carrier doesn’t plan to renew expiring aircraft leases and is renegotiating terms with lessors for lower rental. Tassia Sipahutar, Bloomberg.com, "Virus Shock Sparks Profit Warnings From Indonesian Firms," 2 June 2020 The plan calls for creditors, including aircraft lessors and suppliers, to convert as much as 44.5 billion kroner ($4.3 billion) in debt in order to meet government terms for the carrier to access a state aid package, and for a private placement. Mikael Holter, Fortune, "“End of the line:” Norwegian Air stock plunges on last-ditch debt deal," 14 Apr. 2020 Kingfisher Airlines, founded by beer tycoon Vijay Mallya, ended operations in 2012 after failing to clear its dues to banks, staff, lessors and airports. Washington Post, "Another Indian Airline Collapse? Jet Airways’ Struggle for Survival," 23 Sep. 2019 However, migrant-rights advocates say undocumented families could be taken advantage by lessors or bankers who misinform them of their rights. Dianna M. Náñez, azcentral, "'Do they want us to go hungry?': No relief checks for undocumented workers. Here's why," 10 Apr. 2020 But now that lessors have taken most of the fleet, employees have all but given up on back wages, and the country’s aviation market has moved on, liquidation is the most practical solution. Andy Mukherjee | Bloomberg, Washington Post, "Monty Python and the Unholy Fail of Jet Airways," 24 June 2019

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.

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First Known Use of lessor

14th century, in the meaning defined above

History and Etymology for lessor

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

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Time Traveler for lessor

Time Traveler

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

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Statistics for lessor

Last Updated

9 Sep 2020

Cite this Entry

“Lessor.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/lessor. Accessed 20 Sep. 2020.

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More Definitions for lessor

lessor

noun
How to pronounce lessor (audio) How to pronounce lessor (audio)

English Language Learners Definition of lessor

law : a person or company that leases property (such as a car or house) to someone

lessor

noun
les·​sor | \ ˈle-ˌsȯr, le-ˈsȯr How to pronounce lessor (audio) \

Legal Definition of lessor

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

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