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Lease and release
(gcide) | 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.
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2. The contract for such letting.
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3. Any tenure by grant or permission; the time for which such
a tenure holds good; allotted time.
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Our high-placed Macbeth
Shall live the lease of nature. --Shak.
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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.
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Lease and release
(gcide) | 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.
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2. Relief from care, pain, or any burden.
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3. Discharge from obligation or responsibility, as from debt,
penalty, or claim of any kind; acquittance.
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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.
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5. (Steam Engine) The act of opening the exhaust port to
allow the steam to escape.
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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.
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7. (Phon.) The act or manner of ending a sound.
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8. (Railroads) In the block-signaling system, a printed card
conveying information and instructions to be used at
intermediate sidings without telegraphic stations.
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Lease and release. (Law) See under Lease.
Out of release, without cessation. [Obs.] --Chaucer.
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Syn: Liberation; freedom; discharge. See Death.
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LEASE AND RELEASE
(bouvier) | 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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| | podobné slovo | definícia |
LEASE AND RELEASE
(bouvier) | 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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