rent

/rent/ noun [C or U]

Definition

› PROPERTY, COMMERCE an amount of money that you pay for the use of something, especially that you pay regularly for the use of a room, house, office, etc. that someone else owns: a fair/high/low rent annual/monthly rent commercial/office rentspay (the) rent The company is renegotiating its finances after struggling to pay the rent on its properties.charge/collect rent Managing the property generally means collecting rent and carrying out maintenance.

› US COMMERCE rental noun: You will pay no line rent on this phone deal.

for rent › offered by the owner for someone else to use in exchange for money: The restaurant was open 24 hours a day and also had rooms for rent.

→ See also ground rent, net rent, peppercorn rent, rack rent

(Definition of rent noun from the Cambridge Business English Dictionary © Cambridge University Press)