Simple English definitions for legal terms
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Definition: Rente is a French word that means income or rent. It can refer to the annual income or rent paid for the use of land, which can be perpetual or for life. In addition, it can also refer to the interest paid annually by the French government on public debt, such as government stocks, bonds, or annuities. A rentier is a person who owns or holds rentes, or makes a living off an income from property or investment.
Definition: Rente is a French term that means income or rent. In French law, it has two main meanings:
Additionally, rentier refers to a person who owns or holds rentes, or makes a living off an income from property or investment.
Example: If someone owns a piece of land and allows another person to use it in exchange for a yearly payment, that payment is considered rente foncière. Similarly, if the French government issues a bond that pays interest annually, that interest is considered rente. A rentier could be someone who owns multiple rental properties and earns income from the rent paid by tenants.
These examples illustrate how rente can refer to different types of income or rent, whether it is from land, government debt, or other investments.