[lease] n [ME les, fr. AF, fr. lesser] (14c) 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 ~ on life"
[2]lease vt leased ; leas.ing [AF lesser, fr. OF laissier to let go, fr. L laxare to loosen, fr. laxus slack--more at slack] (ca. 1570) 1: to grant by lease
2: to hold under a lease syn see hire -- leas.able adj