"To lease a vehicle" means to rent or borrow a vehicle from a company or individual for a specific period of time. Instead of buying the vehicle, you make regular payments to use it, usually for a few years. Full definition
The additional insured endorsement has its place, but that place is primarily in the world of commercial lines insurance and personal lines automobile policies, though only for leased vehicles. (effectivecoverage.com)
They showed me the advantages of leasing this vehicle vs. purchasing it and made it easy for me to make a decision. (dealerrater.com)
But if a dump truck is leased to another trucking company, the company leasing the vehicle from its owner sometimes provides liability insurance while it is being used on the job site. (carinsurancequote.net)