Difference between contract and lease

contract

Definitions

verb

  1. become smaller or draw together
  2. enter into a contractual arrangement
  3. make smaller
  4. squeeze or press together
  5. compress or concentrate
and more 4 ...

noun

  1. (contract bridge) the highest bid becomes the contract setting the number of tricks that the bidder must make
  2. a variety of bridge in which the bidder receives points toward game only for the number of tricks he bid
  3. a binding agreement between two or more persons that is enforceable by law

Examples

Someone who really wanted to stop unsanctioned immigration would begin here, by busting the small contractors who employ these workers on a contingent basis.

This proposed procurement is a continuation of an existing contractual agreement for the developed prototype NASA Student Ambassadors Virtual Community (NSAVC) web site. ...

The process of inspiration is active and requires energy for muscle contraction.

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lease

Definitions

verb

  1. engage for service under a term of contract
  2. hold under a lease or rental agreement; of goods and services
  3. grant use or occupation of under a term of contract
  4. let for money

noun

  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

Examples

The defendant was released on bail until his trial next year.

Anybody who has ever been on a North Queensland pastoral lease knows that you can go 20, 30, 40 miles day after day and all you will see is a few brumbies and some wild pigs; you will not see any cattle anywhere.

There are only a couple of days left in Graeme's Fantasy Book Review's Giveaway for one of three copies of Orson Scott Card's new release, Hidden Empire.

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