leasehold
lees hohld
- n land or property held under a lease
- Perhaps because of this knowledge the Waldorf-Astoria leasehold bonds were selling last week at 49 on the dollar.
- BUY A CONDOMINIUM You can own it, whereas with a house you can only have a leasehold of up to 30 years, with options to extend.
- When the provincial government lifted leasehold restrictions on Peace River lands in 1947, McMahon snapped up an original 300,000 acres and started prospecting.