leasehold interest. 1.LEASEHOLD; esp., for purposes of eminent domain, the lessee’s interest in the lease itself, measured by the difference between the total remaining rent and the rent the lessee would pay for similar space for the same period. [Cases: Eminent Domain  147. C.J.S.Eminent Domain §§ 131–132, 153.] 2. A lessor’s or lessee’s interest under a lease contract. UCC § 2A-103(m). 3.WORKING INTEREST. [Cases: Landlord and Tenant  20. C.J.S. Landlord and Tenant §§ 27, 202(1, 2, 3, 4, 5, 9, 10), 203.]

[Blacks Law 8th]