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Lease Definition(s)

The word lease is a noun.  Lease means (1) a contract granting use or occupation of property during a specified time for a specified payment, (2) property that is leased or rented out or let, (3) the period of time during which a contract conveying property to a person is in effect.
Lease is also a verb that means (1) engage for service under a term of contract, (2) grant use or occupation of under a term of contract, (3) let for money, (4) hold under a lease or rental agreement; of goods and services.

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