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  Dictionary Definition of leaser

lease
noun
1. an instrument conveying property to another for a definite period, or at will, usually in consideration of rent or other periodical compensation.
2. the period of time for which it is made.
-- verb (t) ( leased, leasing )
3. to grant the temporary possession or use of (lands, tenements, vehicles, etc.) to another, usually for compensation at a fixed rate; let.
4. to take or to hold by a lease, as a flat, house, etc.
-- phrase
5. a new lease of life, a renewed zest for life.
[ME lese, from AF les a letting, from OF laissier let, from L laxare loosen]
-- leaser, noun