Simple English definitions for legal terms
Read a random definition: convertible arbitrage
Term: FERM
Definition: Ferm means the same thing as farm. A farm is a piece of land with buildings where people grow crops or raise animals. A long time ago, ferm also meant the rent that people paid for the land. To farm means to work on a farm and grow crops or raise animals. It can also mean to rent out land to someone else.
Definition: Ferm is another spelling of the word "farm". A farm is a piece of land with buildings used for agricultural purposes. It can also refer to the rent paid for the land.
Examples:
The first two examples illustrate the use of "farm" as a piece of land used for agriculture. The third example shows the use of "ferm" as another spelling of "farm" and as a term for rent paid for the land.