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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:
- an apartment
- a house
- furniture
- a computer
- storage unit
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.
What else can I help you with?
What is the difference between rent or hire?
You rent something out.You hire something in.
What is the Difference between dry and wet car hiring?
dry hire is vehicle hire without fuel and wet hire is vehicle hire with fuel
What is the difference between hire purchase and installment sales?
Whd0
What is the homophone for rent?
hire, higher
Ajax Fiori on Rent?
Hire ajax fiori on rent
What is a synonym for borrow?
rent, hire
Is having a tangible property the difference between using the terms lease and rent?
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.
What is the difference between prepaid rent and rent expense?
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.
What are the differences between hire purchase transaction and deferred payment?
give three similarities and three difference between hire purchases and deferred payment
How much does it cost to rent a tour bus?
The cost for the hire of a bus is between $2500 to $3000 per day.
To hire another word?
Rent. Lease.
What is the difference between trended and untrended rent income?
Untrended NOI Definition
