lease and release

noun

1
: a nearly obsolete common-law mode of conveyance of freehold estates by means of a lease vesting a leasehold estate in the lessee upon actual entry and a subsequent release of the reversion to the lessee, thus vesting the fee in the lessee without livery of seisin
2
: a nearly obsolete mode of conveyance under the Statute of Uses by means of a bargain and sale for a leasehold interest conventionally for a year, which under the statute vested the leasehold estate without entry, with a subsequent release vesting the fee in the lessee without entry or livery of seisin

Love words?

You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.

Start your free trial today and get unlimited access to America's largest dictionary, with:

  • More than 250,000 words that aren't in our free dictionary
  • Expanded definitions, etymologies, and usage notes
  • Advanced search features
  • Ad free!

Dictionary Entries Near lease and release

Cite this Entry

“Lease and release.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/lease%20and%20release. Accessed 5 Nov. 2024.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!