Legal Definitions - lease-lend

Definition: Lease-lend is a term used to describe a mutually beneficial exchange made between friendly parties. It is an arrangement made between two countries where one country leases land to the other country for military bases, and in exchange, the other country lends military equipment or supplies to the first country.

Example: During World War II, the United States and Great Britain made a lease-lend agreement. The United States lent destroyers to Great Britain, and in exchange, Great Britain leased land to the United States for military bases. This agreement helped both countries in their fight against the Axis powers.

Explanation: The example illustrates how lease-lend works. The United States and Great Britain made an agreement where they both benefited. The United States provided military equipment to Great Britain, which helped them in their fight against the Axis powers. In exchange, Great Britain leased land to the United States for military bases, which helped the United States in their fight against the Axis powers. This arrangement was mutually beneficial and helped both countries achieve their goals.