contract vs lease

contract and lease both are nouns.

Word	Noun	Adjective	Verb	Adverb
contract	Yes	No	Yes	No
lease	Yes	No	Yes	No

As nouns, lease is a hyponym of contract; that is, lease is a word with a more specific, narrower meaning than contract:

contract: a binding agreement between two or more persons that is enforceable by law
lease: a contract granting use or occupation of property during a specified time for a specified payment

As verbs, lease is a hyponym of contract; that is, lease is a word with a more specific, narrower meaning than contract:

Other hyponyms of contract include stipulate, sign, condition, qualify, specify, stipulate, rent, charter, hire, rent.

contract (noun)	lease (noun)
a variety of bridge in which the bidder receives points toward game only for the number of tricks he bid	a contract granting use or occupation of property during a specified time for a specified payment
a binding agreement between two or more persons that is enforceable by law	property that is leased or rented out or let
(contract bridge) the highest bid becomes the contract setting the number of tricks that the bidder must make	the period of time during which a contract conveying property to a person is in effect

contract (verb)	lease (verb)
be stricken by an illness, fall victim to an illness	engage for service under a term of contract
make or become more narrow or restricted	grant use or occupation of under a term of contract
become smaller or draw together	let for money
reduce in scope while retaining essential elements	hold under a lease or rental agreement; of goods and services
compress or concentrate
enter into a contractual arrangement
make smaller
squeeze or press together
engage by written agreement