lease

¹lease

noun \ˈlēs\

Definition of LEASE

1

: a contract by which one conveys real estate, equipment, or facilities for a specified term and for a specified rent; also : the act of such conveyance or the term for which it is made

2

: a piece of land or property that is leased

3

: a continuance or opportunity for continuance <a new lease on life>

Examples of LEASE

1. They took out a five-year lease on the house.
2. We hold leases on both of our cars.

Origin of LEASE

Middle English les, from Anglo-French, from lesser

First Known Use: 14th century

Other Business Terms

amortize, caveat emptor, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite

Rhymes with LEASE

cease, crease, fleece, grease, Greece, kris, Nice, niece, peace, piece