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Search results for 'lease':

lease noun 1 a contract by which the owner of a house, land, etc agrees to let someone else use it for a stated period of time in return for payment. 2 the duration of such a contract • a six-month lease. 3 the tenure or rights under such a contract. verb (leased, leasing) 1 said of an owner: to allow someone else to use (a house, land, etc) under the terms of a lease. 2 said of an occupier: to borrow (a house, land, etc) from the owner under the terms of a lease. leasable adj. leaser noun a lessee. give someone or something a new lease of life to cause them or it to have a longer or better life or period of usefulness than might have been expected.
ETYMOLOGY: 13c: from French lais.