LEND-LEASE

By SovConn | September 5, 2013

lend-lease. A mutually beneficial exchange made between friendly parties; esp., an arrangement made in 1941, under the Lend-Lease Act, whereby U.S. destroyers were lent to Great Britain in exchange for Britain’s leasing of land to the United States for military bases. — Also termed lease-lend.

[Blacks Law 8th]

Posted in Law Dictionary Definitions