lease — A contract by which one party conveys land, property, services, etc. to another for a specified time in return for payment
Part of speech: NOUN
Definition: A contract by which one party conveys land, property, services, etc. to another for a specified time in return for payment
Pronunciation (IPA): /liːs/
Example Sentences
- My landlord refused to renew my lease because I threw too many pizza parties.
- The company decided to lease the office space rather than purchase it.
- He got a new lease on life after winning the lottery and immediately bought a yacht shaped like a rubber duck.
lease
NOUN[/liːs/]
A contract by which one party conveys land, property, services, etc. to another for a specified time in return for payment
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🎤Pronunciation
🌳Etymology
Origin
From Old French 'laisser' meaning 'to let' or 'to leave', derived from Latin 'laxare' meaning 'to loosen'. The term evolved to mean a contract allowing temporary use of property.
Breakdown
Old French 'laisser' (to let/leave) from Latin 'laxare' (to loosen/relax) = lease (a letting or contract for use)
🎵Rhyme
🔗Collocations
📝Examples
“My landlord refused to renew my lease because I threw too many pizza parties.”
“The company decided to lease the office space rather than purchase it.”
“He got a new lease on life after winning the lottery and immediately bought a yacht shaped like a rubber duck.”
“The lease on this equipment runs for three years.”
📚Related Words
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