noun, verb, leased, leas⋅ing.| 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. |
| 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. |
| 6. | to grant a lease; let or rent: to lease at a lower rental. |
| 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. |
A contract that grants possession of property for a specified period of time in return for some kind of compensation.
lease
Leasing
(Ps. 4:2; 5:6) an Old English word meaning lies, or lying, as the Hebrew word _kazabh_ is generally rendered.