leased out

Meanings

• verb

  The act of making a property available for rent or use by another person or organization for a specified period of time and for a specified payment.

  - "The company leased out a large warehouse to store their inventory."
  - "They leased a car for a year to test it before buying."

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Variants

List of all variants of leased out that leads to same result
leasable , lease , leased , leases , leasing , lend-lease , lend-leased , lend-leases , lend-leasing , re-lease , re-leased , re-leases , re-leasing

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Etymology

origin and the way in which meanings have changed throughout history.

The word 'leased' comes from the Old English word 'lesan' which means 'to borrow' or 'to take on lease'. The past tense and past participle of 'lease' is 'leased'.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Did you know that the first recorded use of the word 'lease' in English was in the year 1278?

2. In ancient Rome, land was often leased out to farmers for a share of the crops produced.

3. Leasing is a popular way for businesses to obtain expensive equipment, such as aircraft or heavy machinery, without having to purchase it outright.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Renting: The process of paying for the temporary use of someone else's property. Leasing is a type of renting where a long-term agreement is made.

2. Property: An object or land that can be owned, bought, sold, or rented. In the context of leasing, it refers to the property being made available for rent.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

In literature, the concept of leasing is often used to explore themes of ownership, control, and financial responsibility. For example, in F. Scott Fitzgerald's novel 'The Great Gatsby', the character Nick Carraway leases a house next to Jay Gatsby's mansion, providing him with a vantage point to observe Gatsby's extravagant lifestyle.

How to Memorize "leased out"

1. visualize
   

   - Imagine a landlord signing a lease agreement with a tenant. Visualize the keys being exchanged and the tenant moving into the property.

2. associate
   

   - Associate the word 'leased' with the concept of borrowing or renting. Think of it as a long-term rental agreement.

3. mnemonics
   

   - Use the mnemonic 'Lots of Easy Assets' to remember the meaning of 'leased'. L- Long-term, O- Ownership, T- Transferable, E- Easy, A- Agreement, S- Signature, T- Tenant.

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