rent

Definitions

General English

  • noun money paid to live in a flat or house or to use an office or car
  • verb to pay money to use a house, flat, office or car

Agriculture

  • noun money paid to use a farm or land for a period of time

Economics

  • noun an amount of money paid to use an office or house or factory for a period of time
  • verb to pay money to use something for a period of time

Health Economics

  • (written as Rent)
    In economics, this is used in two senses: (1) the income accruing to an owner of a capital good, like land or machinery, from another person contracting to use it; (2) receipts in excess of the minimum amount necessary to keep a factor of production in its present use. That is, receipts in excess of its transfer earnings.

Law

  • noun money paid, or occasionally a service provided, in return for using something such as an office, house, factory, car or piece of equipment for a period of time

Real Estate

  • noun a regular payment made by a tenant to an owner or landlord for the right to occupy or use property
  • noun a regular payment to the owner for the right to use equipment or personal property
  • verb to occupy someone else’s property or use someone else’s equipment in return for regular payments

Travel

  • noun money paid to use a room, an office or house for a period of time
  • verb to pay money to hire a room, an office, a house or piece of equipment for a period of time

Origin & History of “rent”

English has two words rent. The one meaning ‘payment’ (12th c.) comes via Old French rente from vulgar Latin *rendita, a noun use of the feminine past participle of *rendere ‘give back’ (source of English render). Rent ‘tear, rift’ (16th c.) comes from the verb rend (OE), which goes back to Old English rendan. Its ultimate antecedents are not known, although it may be related to Sanskrit rándhra- ‘split’.
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