leasehold

Universal Words adjective, noun adjective (especially BrE) (of property or land) that can be used for a limited period of time, according to the arrangements in a LEASE: a leasehold property leasehold adverb: to purchase land leasehold compareFREEHOLD noun [U] (especially BrE) 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 flat compareFREEHOLD