LESSEE Definition

Bookmark and Share

LESSEE is the party to whom the possession of specified property has been conveyed for a period of time in return for rental payments.

Learn new Accounting Terms

INTEREST RATE SWAPTION is an option on an interest rate swap. It gives the holder the right but not the obligation to enter into an interest rate swap at a specific date in the future, at a particular fixed rate and for a specified term.

OUT-OF-P0CKET are expenses requiring an outlay of cash in a given time period, e.g., payroll, advertising and other operating expenses, but not depreciation.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.