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lease

/liːs/ noun

In Latin: locātum Wiktionary

noun Definition from WordNet 3.1, Princeton University. Pronunciation from Wiktionary, via Kaikki.org. More about lease at Wordnik → Where our words come from →

  1. Property that is leased or rented out or let.
  2. A contract granting use or occupation of property during a specified time for a specified payment.
  3. The period of time during which a contract conveying property to a person is in effect.

verb

  1. Let for money.
    We rented our apartment to friends while we were abroad
  2. Hold under a lease or rental agreement; of goods and services.
  3. Grant use or occupation of under a term of contract.
    I am leasing my country estate to some foreigners

Origin

From Middle English *lesen, from Anglo-Norman *leser, Old French lesser, laisier (“to let, let go”), partly from Latin laxō (“to loose”) and partly from Old High German lāzan (“to let, let go, release”) (German lassen), cognate with Old English lǣtan (“to allow, let go, leave, rent”) whence let.

From Wiktionary, via Kaikki.org (CC BY-SA)