hire

Definition:

1. An arrangement between two persons, called the ‘owner’ and the ‘hirer’, by which the hirer is granted the right to exclusive possession and use of specified goods which are the property of the owner. The owner retains title to the thing hired, and the right to use and possession of the thing reverts to the owner when the period of hire ends. Payment to be made by the hirer as consideration for the right to use the goods is called the ‘rent’ or ‘rental’ or ‘hire charge’. Compare ‘lease’. 2. To be the hirer of a thing. 3. To employ someone.



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