An entity that leases an asset to another entity. The New York Times Financial Glossary
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someone who allows someone else to use their house, building, land etc for a period of time and in return receives payment:
• By renting property out to local businesses, the lessor benefits by obtaining tax deductions that would otherwise be unavailable.
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lessor UK US /lesˈɔːr/ US /ˈlesɔr/ noun [C] LAW, PROPERTY
► a person or organization that allows another person or organization to use something they own in return for regular payments: »
An asset may be repossessed by the lessor in the event of a default on the lease payments.
Financial and business terms. 2012.