WordReference Random House Learner's Dictionary of American English © 2015
lease1 /lis/USA pronunciation n., v., leased, leas•ing.

n. [countable]
  • Businessa contract allowing the use of land, renting property, etc., to another for a certain period in exchange for rent or other payment.
  • the period of time for which a lease is made:a five-year lease.

  • v. 
  • to grant the temporary possession or use of (lands, property, etc.) to another, usually for compensation at a fixed rate; to let: [+ object ( + to + object)]to lease one's apartment to a friend.[+ object + object]We leased him the apartment.[no object]to lease at a lower rate.
  • [+ object ( + from + object)] to take or hold by lease:He leased the farm from the sheriff.
  • idiom
    1. Idiomsa new lease on life, [countable] a chance to improve one's situation or to live longer or more happily:After his heart operation he felt he had a new lease on life.

    leas•er, n. [countable]

    Collins Concise English Dictionary © HarperCollins Publishers::

    lease /liːs/ n
    1. a contract by which property is conveyed to a person for a specified period, usually for rent
    2. the instrument by which such property is conveyed
    3. the period of time for which it is conveyed
    4. a prospect of renewed health, happiness, etc: a new lease of life
    vb (transitive)
    1. to grant possession of (land, buildings, etc) by lease
    2. to take a lease of (property); hold under a lease
    Etymology: 15th Century: via Anglo-French from Old French lais (n), from laissier to let go, from Latin laxāre to loosen

    ˈleasable adj ˈleaser n

    'lease' also found in these entries:

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