new lease of life noun2 •(UK) An opportunity to live longer than was expected, due to some kind of reprieve.The heart transplant has given him a new lease of life.The facelift proposed for the old theatre may well give it a new lease of life. •(UK, figurative) An opportunity for an improved quality of life, due to some change in circumstances.The latest developments in drugs to treat patients with bipolar disorders have given many a new lease of life. formsnew leases of life