Lessor
Term · Insurance and risk management · MLC-T-INS-001990
The owner of an asset who grants another party, the lessee, the right to use that asset for a specified period. The lessor receives periodic payments from the lessee in exchange for this right. This party retains ownership of the asset and is responsible for its ultimate disposition after the lease term concludes.
| Identifier | MLC-T-INS-001990 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-001990",
"term": "Lessor",
"field": "Insurance and risk management",
"definition": "The owner of an asset who grants another party, the lessee, the right to use that asset for a specified period. The lessor receives periodic payments from the lessee in exchange for this right. This party retains ownership of the asset and is responsible for its ultimate disposition after the lease term concludes.",
"url": "https://mlchart.com/terminology/insurance/lessor/"
}
Record 1,934 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.