■ noun a contract by which one party conveys land, property, services, etc. to another for a specified time.
■ verb
1》 grant (property) on ~; let.
2》 take (property) on ~; rent.
Phrases
a new ~ of (or N. Amer. on ) life a substantially improved prospect of life or use after rejuvenation or repair.
Derivatives
leasable adjective
Origin
ME: from OFr. lais , leis , from lesser , laissier 'let, leave', from L. laxare 'make loose', from laxus 'loose, lax'.