Lease | Mean of lease in English Dictionary

/ˈliːs/

• Noun
• a legal agreement that lets someone use a car, house, etc., for a period of time in return for payment
1. sign a lease
2. They took out a five-year lease on the house.
3. We hold leases on both of our cars.
4. The lease expires next month. = The lease runs out next month.
• a chance to continue living or to become successful or popular again
1. This medicine gives patients a new lease on life.
2. After they made the movie, the book got a new lease on life. [=the book became newly popular]
3. The band has given this style of music a new lease on life.
• Verb
• to use (something) for a period of time in return for payment
1. She leases a red convertible.
2. I have leased this house for the last four years.

• to allow someone to use (something) for a period of time in return for payment
1. We leased the house to a young married couple.