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English definition of “lease”


noun [C]     /liːs/
a legal agreement in which you pay money in order to use a building , piece of land , vehicle , etc. for a period : He has the flat on a long lease. The lease runs out/ expires in two years ' time . We signed a three-year lease when we moved into the house .Renting propertyMortgages and real estateRenting, hiring and hire purchase in general
(Definition of lease noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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