Definitions

1. noun

the state of being occupied or the fact of being occupied

“The hotel’s occupancy rate was high during the festival season.”

2. noun

the number of people or amount of space that a building or area can accommodate

“The occupancy of the conference room was limited to 50 people.”

3. noun

the act of occupying or taking possession of something

“The company’s occupancy of the new office building was celebrated with a ribbon-cutting ceremony.”

4. noun

a legal right to occupy or use something

“The tenant had a right to occupancy of the property under the lease agreement.”

5. noun

the act of taking up space or resources

“The project’s occupancy of server resources caused a slowdown in the network.”