leasehold
noun
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Definition of leasehold
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Examples of leasehold in a Sentence
Recent Examples on the Web
The symphony must also complete a number of park improvements outside of its leasehold, including replacing the existing basketball courts and updating the public restrooms. — Jennifer Van Grove, San Diego Union-Tribune, "Symphony will start building its permanent bayside venue next month," 14 Aug. 2019 The contract also expands the museum’s leasehold to include the plaza area in front of the building. — Jennifer Van Grove, San Diego Union-Tribune, "Timken Museum lease agreement sets precedent for Balboa Park institutions," 4 June 2019 Anchors securing Site 1 are outside of the leasehold, another lease violation, DNR found. — Lynda V. Mapes, The Seattle Times, "Washington state cancels lease for Atlantic salmon farm off Cypress Island," 4 Feb. 2018 While the acquisition is small compared with the company’s typical investments, the properties—three retail condominiums and a long-term leasehold in a cooperative—gives the company enough of a presence to stimulate the area, Mr. Goldban said. — Keiko Morris, WSJ, "Brookfield Plans Retail Reboot on Bleecker Street," 22 Apr. 2018 In November, ConocoPhillips announced its intent to sell up to $8 billion of mostly North American natural gas assets, which would include all of the 1.3 million acres of leasehold in the San Juan Basin. — The Durango Herald, The Denver Post, "ConocoPhillips sells San Juan Basin assets for up to $3 billion," 20 Apr. 2017These example sentences are selected automatically from various online news sources to reflect current usage of the word 'leasehold.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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More Definitions for leasehold
leasehold
nounFinancial Definition of leasehold
What It Is
A leasehold is an accounting category that contains leased assets.
How It Works
For example, let's say that Company XYZ leases a widget-making machine from Company ABC. It pays $2,000 a month to lease the asset. It also pays $1,000 a month to lease two delivery vehicles, $3,500 a month for office space, and $400 a month for a couple of billboards around town. These are Company XYZ's leaseholds.
Leaseholds can also be for cars, manufacturing equipment, office space, photocopiers, musical instruments, solar panels, or virtually any other asset. Generally, leases are handy when one party has the capital to purchase the asset and another party does not have the capital to do so but would like access to the asset.
Why It Matters
Leaseholds designate which assets aren't really the lessee's property. Accordingly, these are assets that companies must account for them in particular ways.
Source: Investing Answers
leasehold
noun
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