- lease [lēs]n.[ME leas < Anglo-Fr les < OFr lais < laissier: see LEASH]1. a contract by which one party (landlord, or lessor) gives to another (tenant, or lessee) the use and possession of lands, buildings, property, etc. for a specified time and for fixed payments2. the period of time for which such a contract is in force [a two-year lease]3. the property that is leasedvt.leased, leasing [Anglo-Fr lesser < OFr laissier]1. to give by a lease; let2. to get by a lease; take a lease onSYN.- HIRE——————new lease on lifeanother chance to lead a happy life, be successful, etc. because of a new turn of events: also Brit. new lease of lifeleasableadj.leasern.
English World dictionary. V. Neufeldt. 2014.