Hire out Definition 1 of 2Pro Tip 1/3Temporary Access The phrase implies temporary use of something, not transferring ownership. You can hire out my bicycle for the day. Pro Tip 2/3Monetary Exchange Always involves receiving payment for the use of the item or space. The local club decided to hire out its hall for birthdays. Pro Tip 3/3Business-oriented Mostly used in a business context rather than personal lending. The construction company hires out heavy machinery.