Lease vs. Mortgage

to gather.

to pick, select, pick out; to pick up.

to glean.

to glean, gather up leavings.

To tell lies; tell lies about; slander; calumniate.

To release; let go; unloose.

(transitive) To operate or live in some property or land through purchasing a long-term contract (or leasehold) from the owner (or freeholder).

(transitive) To take or hold by lease.

(intransitive) To grant a lease; to let or rent.

an open pasture or common

A contract granting use or occupation of property during a specified period in exchange for a specified rent

The period of such a contract

A leasehold

The place at which the warp-threads cross on a loom.

To gather what harvesters have left behind; to glean.

To grant to another by lease the possession of, as of lands, tenements, and hereditaments; to let; to demise; as, a landowner leases a farm to a tenant; - sometimes with out.

Example: ‘There were some [houses] that were leased out for three lives.’;

To hold under a lease; to take lease of; as, a tenant leases his land from the owner.

The temporary transfer of a possession to another person in return for a fee or other valuable consideration paid for the transfer;

The contract for such letting.

Any tenure by grant or permission; the time for which such a tenure holds good; allotted time.

Example: ‘Our high-placed MacbethShall live the lease of nature.’;

property that is leased or rented out or let

a contract granting use or occupation of property during a specified time for a specified payment

the period of time during which a contract conveying property to a person is in effect

let for money;

Example: ‘We rented our apartment to friends while we were abroad’;

hold under a lease or rental agreement; of goods and services

grant use or occupation of under a term of contract;

Example: ‘I am leasing my country estate to some foreigners’;

engage for service under a term of contract;

Example: ‘We took an apartment on a quiet street’; ‘Let's rent a car’; ‘Shall we take a guide in Rome?’;

a contract by which one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment

Example: ‘a six-month lease on a shop’;

grant (property) on lease; let

Example: ‘she leased the site to a local company’;

take (property) on lease; rent

Example: ‘land was leased from the Duchy of Cornwall’;

A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. Property, buildings and vehicles are common assets that are leased.

(legal) A special form of secured loan where the purpose of the loan must be specified to the lender, to purchase assets that must be fixed (not movable) property, such as a house or piece of farm land. The assets are registered as the legal property of the borrower but the lender can seize them and dispose of them if they are not satisfied with the manner in which the repayment of the loan is conducted by the borrower. Once the loan is fully repaid, the lender loses this right of seizure and the assets are then deemed to be unencumbered.

Example: ‘We're renting a property in the city centre because we can't afford to get a mortgage yet.’;

(obsolete) State of being pledged.

Example: ‘lands given in mortgage’;

To borrow against a property, to obtain a loan for another purpose by giving away the right of seizure to the lender over a fixed property such as a house or piece of land; to pledge a property in order to get a loan.

Example: ‘to mortgage a property, an estate, a shop’; ‘We mortgaged our house in order to start a company.’;

To pledge and make liable; to make subject to obligation; to achieve an immediate result by paying for it in the long term.

A conveyance of property, upon condition, as security for the payment of a debt or the preformance of a duty, and to become void upon payment or performance according to the stipulated terms; also, the written instrument by which the conveyance is made.

State of being pledged; as, lands given in mortgage.

To grant or convey, as property, for the security of a debt, or other engagement, upon a condition that if the debt or engagement shall be discharged according to the contract, the conveyance shall be void, otherwise to become absolute, subject, however, to the right of redemption.

Hence: To pledge, either literally or figuratively; to make subject to a claim or obligation.

Example: ‘Mortgaging their lives to covetise.’; ‘I myself an mortgaged to thy will.’;

a conditional conveyance of property as security for the repayment of a loan

put up as security or collateral

a legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt

Example: ‘I put down a hundred thousand in cash and took out a mortgage for the rest’;

the amount of money borrowed in a mortgage

Example: ‘a £60,000 mortgage’;

a deed effecting a mortgage.

convey (a property) to a creditor as security on a loan

Example: ‘the estate was mortgaged up to the hilt’; ‘a heavily mortgaged farm’;

expose to future risk or constraint for the sake of immediate advantage

Example: ‘some people worry that selling off state assets mortgages the country's future’;