| Rent (rent) |
|---|
| v. i. | (r?nt) |
|---|
| Rent |
|
|
An opening made by rending] a break or breach
made by force; a tear.
Figuratively, a schism; a rupture of
harmony; a separation; as, a rent in the church.
|
Income; revenue. See
Catel.
Pay; reward; share; toll.
A certain periodical profit,
whether in money, provisions, chattels, or labor, issuing out of lands
and tenements in payment for the use; commonly, a certain pecuniary
sum agreed upon between a tenant and his landlord, paid at fixed
intervals by the lessee to the lessor, for the use of land or its
appendages; as, rent for a farm, a house, a park,
etc.
|
To grant the possession
and enjoyment of, for a rent] to lease; as, the owwner of an estate or
house rents it.
To take and hold under an agreement to pay
rent; as, the tennant rents an estate of the owner.
|
To be leased, or let
for rent; as, an estate rents for five hundred dollars a
year.
|
| Rent (rent) |
|---|
| n. | (?) |
|---|
| Rent |
| (Polit. Econ.)
(a) |
That portion of the produce of the earth paid
to the landlord for the use of the "original and indestructible powers
of the soil;" the excess of the return from a given piece of
cultivated land over that from land of equal area at the "margin of
cultivation." Called also economic, or Ricardian, rent.
Economic rent is due partly to differences of productivity, but
chiefly to advantages of location; it is equivalent to ordinary or
commercial rent less interest on improvements, and nearly equivalent
to ground rent.
|
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In celebration of Noah Webster's Birthday (October 16, 2009), we have prepared an updated website. 