leasehold
noun/ˈliːshəʊld/
/ˈliːshəʊld/
[uncountable] (especially British English)- 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
Word Originearly 18th cent.: from lease, on the pattern of freehold.Want to learn more?
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leasehold