LEASEHOLD


Meaning of LEASEHOLD in English

/ ˈliːshəʊld; NAmE -hoʊld/ adjective , noun

■ adjective

( especially BrE ) ( of property or land ) that can be used for a limited period of time, according to the arrangements in a lease :

a leasehold property

►  lease·hold adverb :

to purchase land leasehold

—compare freehold

■ noun

[ U ] ( especially BrE ) the right to use a building or a piece of land according to the arrangements in a lease :

to obtain / own the leasehold of a house

—compare freehold

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WORD ORIGIN

early 18th cent.: from lease , on the pattern of freehold .

Oxford Advanced Learner's English Dictionary.      Оксфордский английский словарь для изучающик язык на продвинутом уровне.