lease

1. 1. A contract granting use or occupation of property during a specified period in exchange for a specified rent.
   2. The term or duration of such a contract.
2. Property used or occupied under the terms of such a contract.

1. To grant use or occupation of under the terms of a contract.
2. To get or hold by such a contract.

a new lease on life

1. An opportunity to improve one's circumstances or outlook.

[Middle English les, from Anglo-Norman, from lesser, to lease, variant of Old French laissier, to let go, from Latin laxāre, to loosen, from laxus, loose.]