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.
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.