- Ricardian rent
- Rent Rent (r[e^]nt), n. [F. rente, LL. renta, fr. L. reddita,
fem. sing. or neut. pl. of redditus, p. p. of reddere to give
back, pay. See {Render}.]
1. Income; revenue. See {Catel}. [Obs.] ``Catel had they
enough and rent.'' --Chaucer.
[1913 Webster]
[Bacchus] a waster was and all his rent In wine and bordel he dispent. --Gower. [1913 Webster]
So bought an annual rent or two, And liv'd, just as you see I do. --Pope. [1913 Webster]
2. Pay; reward; share; toll. [Obs.] [1913 Webster]
Death, that taketh of high and low his rent. --Chaucer. [1913 Webster]
3. (Law) 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. [1913 Webster]
Note: The term rent is also popularly applied to compensation for the use of certain personal chattels, as a piano, a sewing machine, etc. [1913 Webster]
4. (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 rent}, 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. (b) Loosely, a return or profit from a differential advantage for production, as in case of income or earnings due to rare natural gifts creating a natural monopoly. [Webster 1913 Suppl.]
{Black rent}. See {Blackmail}, 3.
{Forehand rent}, rent which is paid in advance; foregift.
{Rent arrear}, rent in arrears; unpaid rent. --Blackstone.
{Rent charge} (Law), a rent reserved on a conveyance of land in fee simple, or granted out of lands by deed; -- so called because, by a covenant or clause in the deed of conveyance, the land is charged with a distress for the payment of it. --Bouvier.
{Rent roll}, a list or account of rents or income; a rental.
{Rent seck} (Law), a rent reserved by deed, but without any clause of distress; barren rent. A power of distress was made incident to rent seck by Statute 4 George II. c. 28.
{Rent service} (Eng. Law), rent reserved out of land held by fealty or other corporeal service; -- so called from such service being incident to it.
{White rent}, a quitrent when paid in silver; -- opposed to black rent. [1913 Webster]
The Collaborative International Dictionary of English. 2000.