Math Definitions - Letter L


Definition of Lease

Definition of Lease

A lease is a legal contract that states the terms under which someone, who is not the owner, may use an asset.

For example, when you rent a house, both you and the landlord sign a lease. The lease specifies things such as the amount of rent, the term of the tenancy, and your obligations with regard to caring for the property, whether you can keep a pet, and how much time the landlord may take to fix things.


The aim of this dictionary is to provide definitions to common mathematical terms. Students learn a new math skill every week at school, sometimes just before they start a new skill, if they want to look at what a specific term means, this is where this dictionary will become handy and a go-to guide for a student


Year 1 to Year 12 students

Learning Objectives

Learn common math terms starting with letter L

Author: Subject Coach
Added on: 6th Feb 2018

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