Looking for the meaning of the word LEASES in English for both noun and verb forms from the Oxford Dictionary? Below, you can explore all possible meanings and definitions of LEASES with sentence examples. You can also use the “AUDIO PRONUNCIATION” track to check the correct pronunciation in British English.
Word: Lease
Speech Type: Noun
late Middle English: from Old French lais, leis, from lesser, laissier ‘let, leave’, from Latin laxare ‘make loose’, from laxus ‘loose, lax’
liːs
a contract by which one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment
Short Definition:contract by which one party conveys land, property, services, etc. to another for specified time
Examples:- a six-month lease on a shop
Word: Lease
Speech Type: Verb
liːs
grant (property) on lease; let
Short Definition:grant property on lease
Examples:- she leased the site to a local company
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