A lease is a legal document, but can be an oral arrangement, which confers a right on one person (called a tenant or lessee) to possess property belonging to another person (called ...
http://en.wikipedia.org/wiki/Lease

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Leasing is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax deductable payments.
http://en.wikipedia.org/wiki/Leasing

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A contractual agreement by which one party conveys an estate in property to another party, for a limited period, subject to various conditions, in exchange for something of value ...
http://legal-dictionary.thefreedictionary.com/lease

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noun. 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 ...
http://www.yourdictionary.com/lease

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