And then there's Newsweek's lease foibles: last year, it paid $13 million in rent, a startling figure for a company its size.
Cue atrial fibrillation on my part; I'd already arranged to break my lease, and also, I'd gotten rather fond of him.
Twenty years later, the state had paid twice that in lease payments.
late 14c., "legal contract conveying property, usually for a fixed period of time and with a fixed compensation," from Anglo-French les (late 13c.), from lesser "to let, let go," from Old French laissier "to let, allow, permit; bequeath, leave," from Latin laxare "loosen, open, make wide," from laxus "loose" (see lax). Modern French equivalent legs is altered by erroneous derivation from Latin legatum "bequest, legacy."
late 15c., "to take a lease," from Anglo-French lesser, Old French laissier "to let, leave" (see lease (n.). Related: Leased; leasing. Lessor, lessee in contract language preserves the Anglo-French form.
A contract that grants possession of property for a specified period of time in return for some kind of compensation.