lease

/ˈlēs/

Middle English les, from Anglo-French, from lesser

noun

  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

took out a five-year lease on the house

verb

  1. to grant by lease

  2. to hold under a lease

hire let lease rent charter mean to engage or grant for use at a price. hire and let, strictly speaking, are complementary terms, hire implying the act of engaging or taking for use and let the granting of use. lease strictly implies a letting under the terms of a contract but is often applied to hiring on a lease.

noun

  1. the transfer of goods and services to an ally to aid in a common cause with payment made by a return of the original items or their use in the cause or by a similar transfer of other goods and services