# leased

Pronunciation: say "LEEST" /list/

## Verb

1. Simple past and past participle of lease. — simple past and past participle of lease
   - Simple: Past tense and past participle of lease. Use it for something that already happened.
   - _The city leased the empty warehouse to a theater company for a dollar a year._
   - _The router had leased the same IP address to two laptops, knocking both offline._

## Adjective

2. Handed over to another party for use under the terms of a lease.
   - Simple: Given to someone to use for a time under a rental agreement.
   - _Leased equipment must be returned in good condition when the term ends._
   - _Most of the airline's fleet is leased rather than owned outright._

Source: DictionaryAI, https://dictionaryai.com/define/leased (written from Wiktionary data, CC BY-SA 4.0: https://creativecommons.org/licenses/by-sa/4.0/).