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Definition of Peppercorn rent
1. Noun. Very low or nominal rent.
Geographical relationships: Britain, Great Britain, U.k., Uk, United Kingdom, United Kingdom Of Great Britain And Northern Ireland
Generic synonyms: Rent
Generic synonyms: Rent
Definition of Peppercorn rent
1. Noun. A nominal rent; originally a single peppercorn. ¹
2. Noun. (context: by extension) Any very small rent. ¹
¹ Source: wiktionary.com