Pernancy is a noun that refers to the taking or receiving of profit or rent.

The Latin word Prehendere (pren DARE ay) provides the basis for our word of the day. It means ‘to seize or take.’ Its distant offspring, pernancy has a more specific meaning, referring to the seizing or taking of profit or rent.

When my landlord visited last night, I had no idea his visit was motivated by pernancy. It turned out he was there to collect this month’s rent a little early.