Entry 2 senses · 2 variants Webster, 1913 Leasehold /lēs'-hōldˌ/ · Lease·hold · IPA /lˈiːshˌoʊld/ a. n. 01 a. Held by lease. 1. Held by lease. 02 n. A tenure by lease; specifically, land held as personalty under a lease for years. 1. A tenure by lease; specifically, land held as personalty under a lease for years.