LEASE

I. noun Etymology: Middle English les, from Anglo-French, from lesser Date: 14th century a contract by which one conveys real estate, equipment, or facilities for a specified term and for a specified rent, a piece of land or property that is ~d, a continuance or opportunity for continuance , II. transitive verb (~d; leasing) see: slack Date: circa 1570 to grant by ~, to hold under a ~, see: hire leasable adjective