Webster's English Dictionary

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occupancy

oc.cu.pan.cy \'a:k-y*-p*n-se-\ n 1: the act of taking and holding 
   possession  2a: the act of becoming or the state of being an occupant  2b: 
   the condition of being occupied  3: the use to which property is put  4: an 
   occupied building or part of a building (as an apartment or office)