Definition of

Lease

  1. (noun, communication) a contract granting use or occupation of property during a specified time for a specified payment
  2. (noun, possession) property that is leased or rented out or let
  3. (noun, time) the period of time during which a contract conveying property to a person is in effect
  4. (verb, possession) engage for service under a term of contract
    Let's rent a car
    Shall we take a guide in Rome?
  5. (verb, possession) grant use or occupation of under a term of contract
  6. (verb, social) let for money
  7. (verb, social) hold under a lease or rental agreement; of goods and services

via WordNet, Princeton University

Origin of the word Lease

  1. late 15c., from Anglo-Fr. les (1292), from lesser "to let, let go," from O.Fr. laissier "to let, leave," from L. laxare "loosen, open, make wide," from laxus "loose" (see lax). The verb is attested from 1560s. Related: Leased; leasing. Lessor, lessee in contract language preserves the Anglo-Fr. form. more

via Online Etymology Dictionary, ©2001 Douglas Harper

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