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Definition of: rent
(rent) noun
1. Compensation made in any form by a tenant to a landlord or owner for the use of land, buildings, etc.; especially, such compensation paid in money at regular or specified intervals.
2. Similar payment for the use of any property, movable or fixed.
3. Econ. a Income derived by the owner from the use of his land or property. b The return afforded by cultivated land in excess of the costs, as of labor or materials. c That which is yielded by land in excess of the yield of the poorest land cultivated under equal conditions: also called economic rent. d Hence, a return derived from a similar advantage, as in a monopoly of natural resources.
4. Obs. a Landed or other property affording revenue. b Income or revenue.
—for rent Available for use or occupancy by the paying of rent.
—v.t.
1. To obtain the temporary possession and use of for a compensation, usually made at fixed intervals.
2. To grant the temporary possession and use of for a rent.
—v.i.
3. To be let for rent. [<OF rente <LL rendita, L reddita what is given back or paid, fem. of pp. of reddere. See RENDER.]
—rent′a·ble adjective
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