term:

Hire

hire n

1 : payment for the temporary use of something or for labor or services
2 a : the act or an instance of hiring [from the date of until now]
b : the state of being hired
: employment [while he was in the of the defendant]
3 : one who is hired [all new s will enjoy the same medical benefits]

for hire
: available for use or service in return for payment

vb hired
hir·ing
vt
1 : to engage the personal services of or the temporary use of for a fixed sum
2 : to grant the personal services of or the temporary use of
vi
: to take employment
hir·er n

Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.