Renting: meaning, definitions and examples

As previously described, used when paying for temporary use of property, vehicles, or equipment usually for a longer period.

• We are renting an apartment in the city
• Renting a car for a month turned out to be very convenient

Used in financial and business contexts to describe long-term rental agreements, often involving equipment, property, or vehicles. Leasing often includes terms for purchase at the end of the lease.

• She decided on leasing a new car instead of buying one
• Our company is leasing the office space for the next five years

Common in British English, it refers to renting out a property to someone. Usually denotes the act of a landlord offering property for rent.

• They are letting their house while they travel abroad
• The company specializes in letting commercial properties

Often used in British English to mean renting something temporarily, usually for a shorter period. Can also refer to employing someone.

• We decided to hire a van for the weekend trip
• They plan to hire ten new employees next month

Used when you temporarily pay to use something such as an apartment, a car, or equipment. Often for a longer-term period.

• We are renting an apartment in the city center; He is renting a car for his vacation

A general term for any act of paying money, whether it's a single instance or recurring. Applied broadly to many situations.

• He made the payment through an online app; She missed her last loan payment

Typically a payment made to a professional person or to an institution, often regularly or for a specific service. Implies a formal context.

• The bank charges a monthly maintenance fee; The lawyer's fee was quite high

Refers to the amount of money required for a service or product, often one-time. Can also mean an accusation or responsibility but generally focuses on the cost in this context.

• The electrician gave us a reasonable charge for the repair; They charge $20 for delivery