Accounting Dictionary

Lease

A contract that allows one company to use another company’s property for an extended length of time.

If GE, INC allows Delta to use its airplane for 5 years, that would be a lease.

Related Terms:

Capital Lease Operating Lease Lessee

← Back to Accounting Dictionary


Sign Up to Learn More!

Join our mailing list today to get notified of new discount offers, course updates, Roger CPA Review news, and more!

Scroll to Top