leasepayment
nounUK /ˈliːsˌpeɪmənt/
US /ˈliːsˌpeɪmənt/
Money you pay regularly to use something that belongs to someone else for a while.
The family makes a lease payment every month for their car.
OTHER MEANINGS
2. A scheduled sum paid under a lease agreement for equipment or machinery.
The company's monthly lease payment for the printer is due on Friday.
3. The amount owed periodically for renting a home or apartment.
Their lease payment went up after they renewed the apartment contract.
4. A payment made to use land or property for farming or business.
The farmer's lease payment covers the fields he uses each season.