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  • noun
    plural leases
    [count] :a legal agreement that lets someone use a car, house, etc., for a period of time in return for payment
    sign a lease
    They took out a five-year lease on the house.
    The lease expires  month. = The lease runs out  month.
    a new lease on life
    US or Brit a new lease of life
    a chance to continue living or to become successful or popular again
    After they made the moviethe book got a new lease on life. [=the book became newly popular]
    The band has given this style of music a new lease on life.
    verb
    leases; leased; leasing
    [+ obj] to use (something) for a period of time in return for payment
    to allow someone to use (something) for a period of time in return for payment