Business, Legal & Accounting Glossary

Definition: Rent


What is the dictionary definition of Rent?

Dictionary Definition

  1. A payment made by a tenant at intervals in order to occupy a property.
  2. A similar payment for the use of equipment or service.
  3. economics A profit from the possession of a valuable right, as a restricted license, to engage in a trade or business.



Full Definition of Rent

If you rent something, you regularly pay its owner a sum of money in order to be able to have it and use it yourself.

Related Phrases

Rent is a payment made for the use of land or property, typically, but not necessarily based on a lease.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Rent. Payroll & Accounting Heaven Ltd.
January 26, 2022
Chicago Manual of Style (CMS):
Rent. Payroll & Accounting Heaven Ltd. (accessed: January 26, 2022).
American Psychological Association (APA):
Rent. Retrieved January 26, 2022
, from website:

Definition Sources

Definitions for Rent are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 8th December, 2019 | 17 Views.