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Lease - Definition, Meaning & Synonyms | Vocabulary.com
noun. a contract granting use or occupation of property during a specified time for a specified payment. see more. noun. the period of time during which a contract conveying property to a person is in effect. synonyms: term of a contract. see more. noun. property that is leased or rented out or let. synonyms: letting, rental. see more. verb.
Lease - Wikipedia
A lease is a contractual arrangement calling for the user (referred to as the lessee) to pay the owner (referred to as the lessor) for the use of an asset. [1] . Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased.
Lease Definition & Meaning - Merriam-Webster
: a piece of land or property that is leased. 3. : a continuance or opportunity for continuance. a new lease on life. lease. 2 of 2. verb. leased; leasing. transitive verb. 1. : to grant by lease. 2. : to hold under a lease. leasable. ˈlē-sə-bəl. adjective. Synonyms. Verb. let [ chiefly British] rent. See all Synonyms & Antonyms in Thesaurus.
LEASE Definition & Usage Examples | Dictionary.com
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. to take or hold by lease: He leased the farm from the sheriff. verb (used without object), leased, leas·ing.
Leased - definition of leased by The Free Dictionary
n. 1. A contract granting use or occupation of property during a specified period in exchange for a specified rent or other form of payment. 2. The term or duration of such a contract. tr.v. leased, leas·ing, leas·es. 1. To grant use or occupation of under the terms of a contract. 2. To get or hold by such a contract. Idiom: a new lease on life.
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