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
Definition. Owner or the title holder of the leased asset or property. The lessor is also the lender and secured party in case of capital leases and operating leases. In case of leveraged leases, however, a third party (the lender) and not the lessor holds the title.