The term 'LEASE ON LIFE' can be summarized as a phrase that refers to a new opportunity or a second chance. It is often used to describe a situation in which someone or something has been given a new chance to succeed or to make a comeback. The crossword solution for this term is ANEW, which is an adverb meaning 'once more; afresh; again.' This phrase is often used to describe a situation in which something is being done differently or with renewed enthusiasm.