HIRING OUT Meaning and
Definition
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Hiring out refers to the act or process of renting or leasing something, particularly in relation to services, goods, or property. It involves offering a specific item, such as equipment, vehicles, or personal belongings, to another party for a temporary period in exchange for a pre-determined fee or payment terms. The individual or entity that owns the item being rented out is often referred to as the "hirer" or "lessor," while the person or organization renting or leasing the item is known as the "hirer" or "lessee."
Hiring out can encompass a wide range of industries and scenarios. It commonly occurs in businesses such as car rental agencies, equipment rental companies, or individuals who own properties and lease them to tenants. It can also include services like hiring out contractors, freelancers, or professionals in various fields for a specific project or task.
The terms and conditions of hiring out typically involve aspects related to the duration of the rental period, prices, deposit requirements, liability and damages, maintenance responsibilities, and other relevant stipulations. Such agreements are often formalized through written contracts to establish clear guidelines and protect the interests of both parties involved.
In summary, hiring out describes the process of temporarily renting or leasing something, whether it be services, goods, or property, from one party to another for an agreed-upon fee or payment terms.
Common Misspellings for HIRING OUT
- biring out
- niring out
- jiring out
- uiring out
- yiring out
- huring out
- hjring out
- hkring out
- horing out
- h9ring out
- h8ring out
- hi5ing out
- hi4ing out
- hirung out
- hirjng out
- hirkng out
- hirong out
- hir9ng out
- hir8ng out
- hiribg out
Etymology of HIRING OUT
The phrase "hiring out" comes from the word "hire", which has Old English origins and is derived from the Old English word "hyrian". "Hyrian" originally meant "to take possession of" or "to contract for services". Over time, the meaning shifted and "hire" came to signify "to engage or employ someone for a fee". The addition of the preposition "out" in the phrase "hiring out" simply indicates that the act of hiring is being done for others, rather than for oneself.
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