Definitions for "Leased"
hired for the exclusive temporary use of a group of travelers; "a chartered plane"; "the chartered buses arrived on time"
In telephony, it refers to a phone line that is rented for exclusive 24-hour, 7 -days-a-week use from your location to another location. The highest speed data connections require a leased line. See also T-1, T-3.
Line A rented, high-speed Internet connection for private use, available 24 hours a day. Leased lines can cost companies (and some very rich individuals) more than £100,000 a year - the price depends on the amount of bandwidth the customer wants.
A system where the Security Company maintains ownership of the equipment.