leasehold estate

leasehold estate definition - finance
A system of property ownership in which the property is purchased for a defined period of time, often a maximum of 99 years. When the period is up, ownership returns to the original freehold owner. This is a rare form of property ownership in the United States, but is more common in the United Kingdom and other countries.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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