jeonse

English

Etymology

Borrowed from Korean 전세 (jeonse).

Noun

jeonse (uncountable)

  1. 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.
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