master lease


Definitions (2)

1.Equipment leasing: Continuing lease arrangement under which additional equipment may be leased by executing a new lease schedule instead of negotiating a new lease contract. It is, in effect, a line of credit the lessee can draw upon to finance additional equipment. Terms of the original lease contract apply to all subsequent additions.
2.Real estate leasing: Controlling lease under which a lessee can sub-lease the property for a period not extending the term of the master lease.

Use master lease in a sentence

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z