Real Dictionary

lease
countable noun: A lease is a legal agreement by which the owner of a building, a piece of land, or something such as a car allows someone else to use it for a period of time in return for money.

lease in Accounting 1
verb: If you lease an asset such as a car or building or lease it from someone, you pay them, and they allow you to use it.

lease in Accounting 2
noun: A lease is a legal agreement that allows someone to pay money so that they can use an asset such as a car or building for a particular period of time.

lease in American English
a contract by which one party (landlord, or lessor) gives to another (tenant, or lessee) the use and possession of lands, buildings, property, etc. for a specified time and for fixed payments

lease in American English 1
noun: a contract renting land, buildings, etc., to another; a contract or instrument conveying property to another for a specified period or for a period determinable at the will of either lessor or lessee in consideration of rent or other compensation

lease in American English 2
noun: a system for keeping the warp in position and under control by alternately crossing the warp yarn over and under the lease rods

lease in British English 1
to grant possession of (land, buildings, etc) by lease
noun: a contract by which property is conveyed to a person for a specified period, usually for rent

lease in British English 2
noun: open pasture or common