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Definition of “lease” - English Dictionary

"lease" in American English

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leaseverb [T]

 us   /lis/
to use or ​allow someone ​else to use ​land, ​property, etc. for an ​agreedperiod of ​time in ​exchange for ​money: I leased my new ​carinstead of ​buying it.
lease
noun [C]  us   /lis/
The lease on this ​officeexpires in two ​years.
(Definition of lease from the Cambridge Academic Content Dictionary © Cambridge University Press)







"lease" in British English

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leaseverb [T]

uk   /liːs/  us   /liːs/
to make a ​legalagreement by which ​money is ​paid in ​order to use ​land, a ​building, a ​vehicle, or a ​piece of ​equipment for an ​agreedperiod of ​time: The building's 60 ​units are ​currently leased to ​students of the ​university. [+ two objects] It was ​agreed they would lease the ​apartment to him/lease him the ​apartment.

leasenoun [C]

uk   /liːs/  us   /liːs/
a ​legalagreement in which you ​paymoney in ​order to use a ​building, ​piece of ​land, ​vehicle, etc. for a ​period: He has the ​house 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.
(Definition of lease from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)

"lease" in Business English

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leasenoun [C]

uk   us   /liːs/ COMMERCE, LAW
an ​agreement to ​paymoney in ​order to use ​land, a ​building, a ​vehicle, or a ​piece of ​equipment for a particular ​period of ​time: The ​companysigned a lease for the ​property in December. The ​originaltenant remains ​liable throughout the entireterm of the lease.a lease expires/runs out The lease ​expires in 2026.a 10-/20-/30-year lease The ​company is ​trying to ​extend its 30-year lease (with 24 ​yearsleft to ​run). a lease ​agreement/​contract/​payment a long-term/​short-term lease

leaseverb [T]

uk   us   /liːs/ COMMERCE, LAW
to ​agree to ​paymoney 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 ​squarefeet from the ​propertycompany.
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 ​privatecompanies.lease sb sth He gave ​equity to the ​firms that leased him ​officeequipment.
(Definition of lease from the Cambridge Business English Dictionary © Cambridge University Press)
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“lease” in Business English

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