jeonse
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English[edit]
Etymology[edit]
Borrowed from Korean 전세 (jeonse).
Noun[edit]
jeonse (uncountable)
- A kind of lease or deposit in the South Korean real estate market, where, instead of paying monthly rent, the renter makes a lump sum deposit at some proportion of the market value, which is returned at the end of the lease term, with the landlord profiting through investment of the deposit.