Lēase (lēs), n. [origin French. lais, lays, lees, a thing left by will, a lease, from laisir, to let go, to lease]

1. A contract by which one party (lessor) gives to another (lessee) the use and possession of equipment for a specified time and for fixed payments.

2. The document in which this contract is written.

3. A great way companies can conserve capital.

4. An easy way vendors can increase sales!