Main Entry: ¹lease

Pronunciation: \ˈlēs\

Function: noun

Etymology: Middle English les, from Anglo-French, from lesser

Date: 14th century

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>