A rate is, as one example, the amount the electric company charges per kilowatt. A rate can frequently change.
Rent is a fixed amount paid per month on anything which can be rented, for example:
Cars can be rented but the rental charge is per day.
When you rent something, you take possession of someone else' belonging for an agreed period of time at a rate agreed upon by both parties. Rented items are held on to for a longer time than hired items. So rent indicates the period of possession, while rate is the amount payable for the rented item.
You rent something out.You hire something in.
dry hire is vehicle hire without fuel and wet hire is vehicle hire with fuel
Hire ajax fiori on rent
The homophone for rent is "rant".
Whd0
rent, hire
The cost for the hire of a bus is between $2500 to $3000 per day.
No that is not the basic difference between the terms lease and rent. A lease is often a long term contract, where the details can't be altered. Rent is often more short term.
Prepaid rent is an asset and represents and advance payment for a future benefit Rent expense is an expense and is the expended portion of the rent consumed.
give three similarities and three difference between hire purchases and deferred payment
Rent. Lease.
Untrended NOI Definition