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lease

 [lees]   Example Sentences Origin

lease

1   [lees] noun, verb, leased, leas·ing.
noun
1.
a contract renting land, buildings, etc., to another; a contract or instrument conveying property to another for a specified period or for a period determinable at the will of either lessor or lessee in consideration of rent or other compensation.
2.
the property leased.
3.
the period of time for which a lease is made: a five-year lease.
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verb (used with object)
4.
to grant the temporary possession or use of (lands, tenements, etc.) to another, usually for compensation at a fixed rate; let: She plans to lease her apartment to a friend.
5.
to take or hold by lease: He leased the farm from the sheriff.

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Lease is a GRE word you need to know.
So is philanthropic. Does it mean:
an increase by natural growth or by gradual external addition; growth in size or extent or the result of this process
pertaining to or engaged in benevolent giving, engaging in the betterment of condition for others; charitable work
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verb (used without object)
6.
to grant a lease; let or rent: to lease at a lower rental.
Idiom
7.
a new lease on life, a chance to improve one's situation or to live longer or more happily: Plastic surgery gave him a new lease on life.
Origin:
1350–1400; Middle English les < Anglo-French (equivalent to Old French lais, French legs legacy), noun derivative of lesser to lease, literally, let go (equivalent to Old French laissier) < Latin laxāre to release, let go. See lax

Related forms
leas·a·ble, adjective
lease·less, adjective
leas·er, noun
un·leas·a·ble, adjective
un·leased, adjective
EXPAND
well-leased, adjective
COLLAPSE

Synonyms
5. rent, charter, hire.

Example Sentences
  • When you buy something, sell it then rent it back from whom you sold it so as to lease to the owner who ever it may be.
  • The inspection at the end of a car lease does not have to be a mystery.
  • Both are accused of unlawful conduct over the lease of new police headquarters at grossly inflated prices.
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Dictionary.com Unabridged

lease

2   [lees]
noun Textiles.
1.
a system for keeping the warp in position and under control by alternately crossing the warp yarn over and under the lease rods.
2.
the order of drawing in the warp ends.
Origin:
1350–1400; Middle English lese length or coil of thread, variant of lesh leash
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
Cite This Source Link To Lease
Collins
World English Dictionary
lease1 (liːs)
 
—n
1.  a contract by which property is conveyed to a person for a specified period, usually for rent
2.  the instrument by which such property is conveyed
3.  the period of time for which it is conveyed
4.  a prospect of renewed health, happiness, etc: a new lease of life
 
—vb
5.  to grant possession of (land, buildings, etc) by lease
6.  to take a lease of (property); hold under a lease
 
[C15: via Anglo-French from Old French lais (n), from laissier to let go, from Latin laxāre to loosen]
 
'leasable1
 
—adj
 
'leaser1
 
—n

lease2 (liːz)
 
—n
dialect open pasture or common
 
[Old English lǣs; perhaps related to Old Norse lāth property]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Etymonline
Word Origin & History

lease
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
EXPAND
the Anglo-Fr. form.
COLLAPSE
Online Etymology Dictionary, © 2010 Douglas Harper
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American Heritage
Cultural Dictionary

lease definition


A contract that grants possession of property for a specified period of time in return for some kind of compensation.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
American Heritage
Idioms & Phrases

lease

see new lease on life.

The American Heritage® Dictionary of Idioms by Christine Ammer.
Copyright © 1997. Published by Houghton Mifflin.
Cite This Source
Encyclopedia Britannica
Encyclopedia

lease

a contract for the exclusive possession of property (usually but not necessarily land or buildings) for a determinate period or at will. The person making the grant is called the lessor, and the person receiving the grant is called the lessee. Two important requirements for a lease are that the lessee have exclusive possession (nonexclusive possession would call for a license) and that the lessor's term of interest in the property be longer than the term of the lease (a grant involving an equal term or period would comprise a conveyance or assignment, not a lease).

Learn more about lease with a free trial on Britannica.com.

Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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