leasingnoun [ U ]
uk/ˈliːsɪŋ/usLAW, PROPERTYa financial arrangement in which a person, company, etc. pays to use land, a vehicle, etc. for a particular period of time :
Leasing can still make financial sense, particularly for those who want a new car every two to three years.
a leasing business/company/firm Sea Containers is a major international leasing and transport company.
the leasing of sth The bill would create a board to oversee the leasing of state property for developing oil and natural gas reserves.
a leasing agreement/deal