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3 definitions found
 for Lease and release
From The Collaborative International Dictionary of English v.0.48 :

  Lease \Lease\ (l[=e]s), n. [Cf. OF. lais. See Lease, v. t.]
     1. The temporary transfer of a possession to another person
        in return for a fee or other valuable consideration paid
        for the transfer; especially, A demise or letting of
        lands, tenements, or hereditaments to another for life,
        for a term of years, or at will, or for any less interest
        than that which the lessor has in the property, usually
        for a specified rent or compensation.
        [1913 Webster]
     2. The contract for such letting.
        [1913 Webster]
     3. Any tenure by grant or permission; the time for which such
        a tenure holds good; allotted time.
        [1913 Webster]
              Our high-placed Macbeth
              Shall live the lease of nature.       --Shak.
        [1913 Webster]
     Lease and release a mode of conveyance of freehold estates,
        formerly common in England and in New York. its place is
        now supplied by a simple deed of grant. --Burrill.
        --Warren's Blackstone.
        [1913 Webster]

From The Collaborative International Dictionary of English v.0.48 :

  Release \Re*lease"\, n.
     1. The act of letting loose or freeing, or the state of being
        let loose or freed; liberation or discharge from restraint
        of any kind, as from confinement or bondage. "Who boast'st
        release from hell." --Milton.
        [1913 Webster]
     2. Relief from care, pain, or any burden.
        [1913 Webster]
     3. Discharge from obligation or responsibility, as from debt,
        penalty, or claim of any kind; acquittance.
        [1913 Webster]
     4. (Law) A giving up or relinquishment of some right or
        claim; a conveyance of a man's right in lands or tenements
        to another who has some estate in possession; a quitclaim.
        [1913 Webster]
     5. (Steam Engine) The act of opening the exhaust port to
        allow the steam to escape.
        [1913 Webster]
     6. (Mach.) A device adapted to hold or release a device or
        mechanism as required; specif.: (Elec.) A catch on a
        motor-starting rheostat, which automatically releases the
        rheostat arm and so stops the motor in case of a break in
        the field circuit; also, the catch on an electromagnetic
        circuit breaker for a motor, which acts in case of an
        [Webster 1913 Suppl.]
     7. (Phon.) The act or manner of ending a sound.
        [Webster 1913 Suppl.]
     8. (Railroads) In the block-signaling system, a printed card
        conveying information and instructions to be used at
        intermediate sidings without telegraphic stations.
        [Webster 1913 Suppl.]
     Lease and release. (Law) See under Lease.
     Out of release, without cessation. [Obs.] --Chaucer.
        [1913 Webster]
     Syn: Liberation; freedom; discharge. See Death.
          [1913 Webster]

From Bouvier's Law Dictionary, Revised 6th Ed (1856) :

  LEASE AND RELEASE. A species of conveyance, invented by Serjeant Moore, soon 
  after the enactment of the statute of uses. It is thus contrived; a lease, 
  or rather bargain and sale, upon some pecuniary consideration, for one year, 
  is made by the tenant of the freehold to the lessee or bargainee. This, 
  without any enrollment, makes the bargainor stand seised to the use of the 
  bargainee, and vests in the bargainee the use of the term for one year, and 
  then the statute immediately annexes the possession. Being thus in 
  possession, he is capable of receiving a release of the freehold and 
  reversion, which must be made to the tenant in possession; and, accordingly, 
  the next day a release is granted to him. 
       2. The lease and release, when used as a conveyance of the fee, have 
  the joint operation of a single conveyance. 2 Bl. Com. 339; 4 Kent, Com. 
  482; Co. Litt. 207; Cruise, Dig. tit. 32, c. 11. 

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