What's the difference between hire and lease?

Hire


Definition:

  • (pron.) See Here, pron.
  • (n.) The price, reward, or compensation paid, or contracted to be paid, for the temporary use of a thing or a place, for personal service, or for labor; wages; rent; pay.
  • (n.) A bailment by which the use of a thing, or the services and labor of a person, are contracted for at a certain price or reward.
  • (n.) To procure (any chattel or estate) from another person, for temporary use, for a compensation or equivalent; to purchase the use or enjoyment of for a limited time; as, to hire a farm for a year; to hire money.
  • (n.) To engage or purchase the service, labor, or interest of (any one) for a specific purpose, by payment of wages; as, to hire a servant, an agent, or an advocate.
  • (n.) To grant the temporary use of, for compensation; to engage to give the service of, for a price; to let; to lease; -- now usually with out, and often reflexively; as, he has hired out his horse, or his time.

Example Sentences:

  • (1) Byrom had been scheduled to die by lethal injection last week for hiring a man to shoot dead her abusive husband, Edward, at their home in Iuka in June 1999.
  • (2) A team of 16 guides has been hired and trained to give a running commentary on their every move.
  • (3) China Labor Watch says Samsung is also guilty of bad hiring and working practices.
  • (4) White House plan to hire more border agents raises vetting fear, ex-senior official says Read more “But the fact is when the world changed, you have to change too, and so I do think there are amazing new opportunities now because he’s bringing nationalism to the fore, he’s bringing it into the mainstream, he’s asking these existential questions like: are we a nation?
  • (5) The checkpoints are a recipe for harassment and abuse.” Among other moves disclosed were plans to hire 300 extra security guards to secure public transport in the city.
  • (6) As in Utah, the public sector led the way in response to recession, this time in the early 1990s, by hiring new staff on 80% contracts.
  • (7) These folk spend in a day what most people earn in a year on hiring hotel suites and setting up temporary fashion-show rooms in the hysterical hope that their wares will attract the eye of that most important person in town that week: the celebrity stylist.
  • (8) Writers are being hired on new US shows on the basis of their consistently hilarious Twitter accounts (such as Alison Agosti and Bryan Donaldson for Seth Meyers) and where producers Stateside lead, ours are guaranteed to follow.
  • (9) But she describes Manafort as a “clever hire” by Trump.
  • (10) A year after hiring, many relationships were found, including professional actual situation with job satisfaction (r = 0.26, P less than 0.05) and alienation with job satisfaction (r = -0.33, P less than 0.01).
  • (11) Kenyon then moved to Chelsea, where he and Mendes negotiated Mourinho’s hiring as the new manager, the signings of Carvalho and Ferreira to join him from Porto, and Tiago Mendes, from Benfica.
  • (12) The company hired reputation management lawyers to issue a five-page letter instructing the articles "be amended to reflect the true position".
  • (13) Funding policies as well as chairmen's hiring policies also play a role here.
  • (14) The architects, whose initials stand for Robert Matthew Johnson ­Marshall, said Goodwin had been hired for his international experience.
  • (15) The self-serving transparency of her malevolence seemed so obvious I didn’t even hire a lawyer to defend myself.” He took a lie detector and passed, Allen said, but Mia Farrow declined to do so.
  • (16) I wonder, then, if she could tell us whether she believes that the very low bar of being willing to hire women is an indication of anything other than following anti-discrimination laws.
  • (17) The South Africans were allegedly hired by a company with close ties to Gaddafi, training his presidential guard and handling some of his offshore financial dealings.
  • (18) Twitter has hired the former Pearson chief executive Dame Marjorie Scardino to be the first woman on its board, after critics rounded on its all-male lineup.
  • (19) Since then, the percentage of female FTSE 100 directors has grown from 12.5% to 17.3%, but the increase has been almost entirely driven by companies hiring more part-time non-executives.
  • (20) In August 2007, just three months after quitting BP, he was hired by New York-based energy investment group Riverstone Holdings to run its European business.

Lease


Definition:

  • (v. i.) To gather what harvesters have left behind; to glean.
  • (v. t.) 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.
  • (v. t.) To hold under a lease; to take lease of; as, a tenant leases his land from the owner.
  • (v. t.) 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.
  • (v. t.) The contract for such letting.
  • (v. t.) Any tenure by grant or permission; the time for which such a tenure holds good; allotted time.

Example Sentences:

  • (1) Mindful of their own health ahead of their mission, astronauts at the Russia-leased launchpad in Kazakhstan remain in strict isolation in the days ahead of any launch to avoid exposure to infection.
  • (2) In 2005, Westbrook bought the £190m head lease for Dolphin Square, once the largest block of flats in the world with a colourful list of former residents, including more than 70 MPs, at least 10 Lords and a number of intelligence agency personnel.
  • (3) The Labour leadership election gained a new lease of life today as parliament's first black female MP, Diane Abbott , entered the race and the party extended the deadline for nominations, giving extra time for new candidates to emerge.
  • (4) In 2012, the state and county committed $226m to the team in a new lease deal.
  • (5) In addition, another 25 million acres of state and federal lands in the U.S. Arctic — onshore and off — are open to oil and gas leasing; of that,13.5 million acres have already been leased.
  • (6) A student who lost her leg in the Alton Towers rollercoaster crash says she has been given a new lease of life by a hi-tech prosthetic leg and that she is stronger for her harrowing experience.
  • (7) Many articles published on the topic of lease financing point only to the benefits that may be derived.
  • (8) The MD-83 aircraft, owned by Spanish company Swiftair and leased by Algeria's flagship carrier, disappeared from radar less than an hour after it took off from Ouagadougou for Algiers.
  • (9) Although providing a new lease on life is very rewarding within itself, it can also be stressful for all involved.
  • (10) His lieutenants have floated the possibility that whoever takes over our roads could get them on 100-year leases – which would just be transferring a public asset to some private-sector oligarch.
  • (11) The retailer has also taken a £70m hit from onerous leases, and distribution centre closures in Harlow and Weybridge cost £30m.
  • (12) NT chief minister Adam Giles said the decision to lease the port rather than sell allowed the government to ensure conditions are upheld.
  • (13) But landlords often put your rent up massively at the end of your lease, meaning you have to move every two years."
  • (14) The village of Point Hope, Alaska, joined by numerous native and environmental groups, is now challenging offshore development on the 2.9 million acres in the Chukchi Sea, contending that MMS violated federal environmental laws when it conducted the lease sales.
  • (15) Her rent was increased by $20 as soon as her fixed-term lease ended, despite already being more expensive than similar properties in the area.
  • (16) That approval was therefore invalid, she said, adding the company was yet to obtain a mining lease for Alpha.
  • (17) But as Kathimerini.com reports, the plan is to definitely to lease the islands, not sell them forever: The fund reviewed 562 of the estimated 6,000 islands and islets under Greek sovereignty.
  • (18) The company hired by Royal Dutch Shell plc in 2012 to drill on petroleum leases in the Chukchi — Sugarland, Texas-based Noble Drilling US LLC — in December agreed to pay $12.2m after pleading guilty to eight felony environmental and maritime crimes on board the Noble Discoverer.
  • (19) However, Adani has turned to the national native title tribunal to override this objection, which would allow the state government to issue a lease for the mine.
  • (20) Contracts with a Lend Lease-led consortium were signed last week and construction is due to begin this year.