Search Result for "lease and release":

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]
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. --Blackstone. [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 overload. [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]
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.