I. ˈ ̷ ̷+ˌ- noun
Etymology: sub- + lease
: a lease which is given by a tenant or lessee to another person of part or all of the leased premises for a shorter term than his own term and under which he retains some rights or interest under his original lease : a derivative lease — compare assignment
II. | ̷ ̷+ transitive verb
1. : to convey (a leased property) to another person under a sublease : grant a sublease of
2. : to take or hold (a leased property) from the original lessee under a sublease : take a sublease of