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English definition of “lease”

lease

verb [T]     /liːs/ COMMERCE, LAW
to agree to pay money in order to use land, a building, a vehicle, or a piece of equipment for a particular period of time: lease sth (from sb) The firm recently made plans to lease another 8,000 square feet from the property company.
to make an agreement by which someone pays you money in order to use land, a building, a vehicle, or a piece of equipment for a particular period of time: lease sth (out) (to sb) They are keen to lease out the aircraft to private companies.lease sb sth He gave equity to the firms that leased him office equipment. → See also lessee, sublease noun, sublet
(Definition of lease verb from the Cambridge Business English Dictionary © Cambridge University Press)
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