TeachMeFinance.com - explain Lessee
Lessee The term 'Lessee' as it applies to the area of energy can be defined as ' An independent marketer who leases the station and land and has use of tanks, pumps, signs, etc. A lessee dealer typically has a supply agreement with a refiner or distributor and purchases products at dealer tank-wagon prices. The term 'lesseedealer' is limited to those dealers who are supplied directly by are finer or any affiliate or subsidiary of the reporting company. 'Direct supply' includes use of commission agent or common carrier delivery'.
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