sub·let

[v. suhb-let; n. suhb-let, suhb-let] verb, sub·let, sub·let·ting, noun
verb (used with object)
1.
to sublease.
2.
to let under a subcontract: to sublet work.
noun
3.
a sublease.
4.
a property obtained by subleasing, as an apartment.

Origin:
1760–70; sub- + let1

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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00:10
Sublet is one of our favorite verbs.
So is hornswoggle. Does it mean:
to chew (food) slowly and thoroughly.
to swindle, cheat, hoodwink, or hoax.
Collins
World English Dictionary
sublet
 
vb , -lets, -letting, -let
1.  to grant a sublease of (property)
2.  to let out (work, etc) under a subcontract
 
n
3.  informal chiefly (US) a sublease

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

sublet
1766, from sub- + let (v.).
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
After a subcontract has been cancelled, the percentages of work sublet to date
  should be adjusted.
The switch may give industry giants such fine control that they could sublet
  some colors to a different carrier.
He'd rather help you find a cheap sublet, a cool job, and maybe even a date.
To sublet is to allow someone else to occupy your apartment and pay rent while
  you are bound by the terms of a lease.
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