These regulations cover things like disposal of hazardous materials, required personal safety equipment such as safety goggles, permitted noise levels and fall protection. OSHA inspects workplaces to ensure theyâre following all regulations to reduce chances of accident or injury.
lessee. n. 1. (Law) a person to whom a lease is granted; a tenant under a lease. [C15: via Anglo-French from Old French lesse, lessÃ© from lesser to lease ]. 1
What is a 'Lessor'. A lessor, in its simplest expression, is someone who grants a lease. As such, a lessor is the owner of an asset that is leased under an agreement to a lessee. The lessee makes a one-time or periodic payments to the lessor in return for the use of the asset. Leveraged Lease.