Definition of lease
(Entry 1 of 2)
1
: a contract by which one conveys real estate, equipment, or facilities for a specified term and for a specified rent
took out a five-year lease on the house
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
lease
verb
leased; leasing
Definition of lease (Entry 2 of 2)
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Merriam-Webster unabridged
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Time Traveler for lease
The first known use of lease was in the 14th century
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