LE Financial Abbreviation

Lessee

The person or entity that leases a vehicle. An independent marketer who leases the station and land and has use of tanks, pumps, signs, etc. A lesdealer typically has a supply agreement with a refiner or distributor and purchases products at dealer tank-wagon prices. The term "lesdealer" is limited to those dealers who are supplied directly by are finer or any affiliate or subsidiary of the reporting company.