LEAP YEAR. Vide Bissextile. A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856. Want to thank TFD for its existence?Tell a friend about us, add a link to this page, or visitthe webmaster's page for free fun content. ...
The meaning of YEAR is the period of about 3651/4 solar days required for one revolution of the earth around the sun. How to use year in a sentence.
Why is '-ed' sometimes pronounced at the end of a word? Popular in Wordplay See All Terroir, Oenophile, & Magnum: Ten Words About Wine 8 Words for Lesser-Known Musical Instruments 10 Words from Taylor Swift Songs (Merriam's Version) ...
a five-year lease. verb (used with object) ,leased,leas·ing. to grant the temporary possession or use of (lands, tenements, etc.) to another, usually for compensation at a fixed rate;let: She plans to lease her apartment to a friend. ...
lease (lis) n., v. leased, leas•ing. n. 1. a contract conveying land, renting property, etc., to another for a specified period. 2. the property leased. 3. the period of time for which a lease is made: a five-year lease. v.t. 4. to grant the temporary possession...
By way of example only if, during a Calendar Year, Net Sales of all Licensed Products were equal to [***] million, the royalty payable by Merck would be calculated by adding (a) the royalty due on Net Sales with respect to the first [***] million at the first level percentage of ...
in place at the date of initial application are, or contain, a lease. If an entity chooses to apply this relief, then the new lease defintion will be applied to contracts entered into or modified on or after the date of intial application (1 January 2019 for calendar year end entities)...
Lease Yearmeans each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after th...
• The normal requirement that all contracts having to do with real estate must be in writing does not apply to contracts that are capable of performance in one year or less. In most states, an oral lease for less than one year is enforceable; an oral lease for a longer period is not...
What Is a Lease? A lease is a contract outlining the terms under which one party agrees to rent an asset—in this case, property—owned by another party. It guarantees thelessee, also known as the tenant, use of the property and guarantees thelessor(the property owner or landlord) regular...