Lend-lease

Lend-lease,

Definition of Lend-lease:

  1. Exchange or transfer of goods and services between friendly parties for a common cause or in mutual benefit.

  2. An arrangement made in 1941 whereby the US supplied military equipment and armaments to the UK and its allies, originally as a loan in return for the use of British-owned military bases.

Meaning of Lend-lease & Lend-lease Definition