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lease

Pronunciation: /liːs/

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Definition of lease

noun

a contract by which one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment: a six-month lease on a shop

verb

[with object]

grant (property) on lease; let:she leased the site to a local company
take (property) on lease; rent:land was leased from the Duchy of Cornwall

Phrases

a new lease of (or North American on) life: a substantially improved prospect of life or use after rejuvenation or repair: the transplant would give Claire a new lease of life

Derivatives

leasable
leaser

Origin:

late Middle English: from Old French lais, leis, from lesser, laissier 'let, leave', from Latin laxare 'make loose', from laxus 'loose, lax'

lease in other Oxford dictionaries

Definition of lease in the US English dictionary

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Other

lease

noun

verb

Phrases

a new lease of (or North American on) life

Derivatives

leasable

leaser

Origin:

lease in other Oxford dictionaries

Nearby words

More results for lease

More words in this category

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