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US
Meaning:
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a torn place in cloth etc; (a) regular payment for the use of land, a building, offices, machinery etc
fee paid for use, service, or privilege
Cases of word usage
1) an amount of money paid for an insurance policy; an addition to ordinary charges, rent etc (premium)
2) to rent (a room, house etc of which one is a tenant) to another person (sublet)
3) a person who pays rent for the use of a building, land etc (tenant)