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What are leaseholds?

What are leaseholds? Here are some definitions.

Noun
  1. plural of leasehold
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Some of the freeholds were very valuable and some of the leaseholds were virtually worthless tenancies of shop-like premises occupied by the Appellant's branches.
This acquisition includes several operating wells in the Lance Creek Field and over 6000 acres of leaseholds in Niobrara County, Wyoming.
This has resulted in a starkly contrasting market between leaseholds and freeholds, especially in the sale of going concern businesses.
Timeshares and leaseholds are available in fully furnished 15th century buildings of various sizes.
Do the people who buy leaseholds even know they will have big problems when their leasehold expires?
The common law recognises a full array of interests in real property such as leaseholds, easements and covenants, future interests, life estates and statutory charges.

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