lease

Definitions


[liːs], (Noun)

Definitions:
- a contract by which one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment
(e.g: a six-month lease on a shop)


Phrases:
- a new lease of life

Origin:
late Middle English: from Old French lais, leis, from lesser, laissier ‘let, leave’, from Latin laxare ‘make loose’, from laxus ‘loose, lax’


[liːs], (Verb)

Definitions:
- grant (property) on lease; let
(e.g: she leased the site to a local company)


Phrases:
- a new lease of life

Origin:
late Middle English: from Old French lais, leis, from lesser, laissier ‘let, leave’, from Latin laxare ‘make loose’, from laxus ‘loose, lax’




definition by Oxford Dictionaries