lease

Universal Words noun, verb noun a legal agreement that allows you to use a building, a piece of equipment or some land for a period of time, usually in return for rent: to take out a lease on a flat * The lease expires / runs out next year. * Under the terms of the lease, you have to pay maintenance charges. IDIOMS a (new) lease of life (BrE) (AmE a )new( lease on life) the chance to live or last longer, or with a better quality of life: Since her hip operation she's had a new lease of life. verb ~ sth (from sb)