Definition, Meaning & Synonyms
rental-payment
noun
ˈrɛntəl ˈpeɪmənt
Definition
A rental payment is a sum of money paid periodically by a tenant to a landlord for the use of property or land.
Examples
- She made her rental payment on time every month.
- The rental payment for the car was due at the beginning of the week.
- He was late on his rental payment, which resulted in a late fee.
Meaning
It refers to the financial transaction where an individual or organization pays to occupy or use rental property, such as an apartment, office, or equipment.
Synonyms
- lease payment
- rent
- monthly dues
