n.
Pronunciation: ' l ē s
Function: noun
Etymology: Middle English les, from Anglo-French, from lesser
Date: 14th century
1 : a contract by which one conveys real estate, equipment, or facilities for a specified term and for a specified rent also : the act of such conveyance or the term for which it is made
2 : a piece of land or property that is leased
3 : a continuance or opportunity for continuance <a new lease on life>