Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “peppercorn rent”

See all translations

peppercorn rent

noun [C]
 
 
UK
LAW, PROPERTY a very small amount of money that is paid by someone who is renting a building or piece of land so that the arrangement between them and the owner of the property is legal: The charity secured a 20-year lease on the building at a peppercorn rent of £1.
Translations of “peppercorn rent”
in Chinese (Traditional) 象徵性租金,極低的租金…
in Chinese (Simplified) 象征性租金,极低的租金…
(Definition of peppercorn rent from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of peppercorn rent?
Add Cambridge dictionaries to your browser to your website

Definitions of “peppercorn rent” in other dictionaries

Word of the Day

work out

to exercise in order to improve the strength or appearance of your body

Word of the Day

Byronic, Orwellian and Darwinian: adjectives from names.

by Liz Walter,
April 15, 2015
Becoming an adjective is a strange kind of memorial, but it is often a sign of a person having had real influence on the world. Science is full of examples, from Hippocrates, the Greek medic born around 460 BC, who gave his name to the Hippocratic Oath still used by doctors today,

Read More 

bio-inspiration noun

April 13, 2015
the adoption of patterns and structures found in nature for the purposes of engineering, manufacturing, science, etc. The MIT researchers actually aren’t the only robotics team to turn to cheetahs for bio-inspiration.

Read More