noun

• (economics) A profit from possession of a valuable right, as a restricted license to engage in a trade or business.
  "A New York city taxicab license earns more than $10,000 a year in rent."
• (obsolete) Income; revenue.
  "So bought an annual rent or two, / And liv'd, just as you see I do."
• (video games) An amount of virtual currency paid by a player to preserve their character, inventory, etc. between gameplay sessions in a multi-user dungeon.

verb

• (transitive) To take a lease of premises in exchange for rent.
  "I rented a house from my friend's parents for a year."
• (transitive, informal) To grant a lease in return for rent.
  "We rented our house to our son's friend for a year."
• (transitive) To obtain or have temporary possession of an object (e.g. a movie) in exchange for money.
• (intransitive, informal) To be leased or let for rent.
  "The house rents for five hundred dollars a month."