What Does Lessee Mean?

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What does Lessee mean? Read on to discover the definition & meaning of the term Lessee - to help you better understand the language used in insurance policies.

Lessee

Lessee

The person to whom a lease is granted, the tenant. When used in connection with the motor carrier industry, and in particular in connection with owner-operator situations, the term refers to the entity that holds operating authority to operate as a motor carrier for hire.

We hope the you have a better understanding of the meaning of Lessee.

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