- peppercorn rent
- /ˌpepəkɔ:n 'rent/ nouna very small or nominal rent● to lease a property for or at a peppercorn rent● The charity pays only a peppercorn rent.
Dictionary of banking and finance. 2015.
peppercorn rent
Look at other dictionaries:
peppercorn rent — A token or nominal rent. The name comes from leases where the rent is one peppercorn a year. Other kinds of token or nominal rents, such as £1, or a red rose each year, may also be referred to as peppercorn rents. A peppercorn rent is often found … Law dictionary
peppercorn rent — ➔ rent2 * * * peppercorn rent UK US 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… … Financial and business terms
peppercorn rent — peppercorn rents N COUNT A peppercorn rent is an extremely low rent. [BRIT] … English dictionary
peppercorn rent — n BrE a very low rent … Dictionary of contemporary English
peppercorn rent — noun very low or nominal rent • Regions: ↑United Kingdom, ↑UK, ↑U.K., ↑Britain, ↑United Kingdom of Great Britain and Northern Ireland, ↑Great Britain • Hypernyms: ↑rent … Useful english dictionary
peppercorn rent — UK / US noun [countable] Word forms peppercorn rent : singular peppercorn rent plural peppercorn rents British a very small rent … English dictionary
peppercorn rent — A nominal rent. In theory one peppercorn (or some other nominal sum) is payable as a rent to indicate that a property is leasehold and not freehold, the peppercorn representing the consideration In practice it amounts to a rent free lease … Big dictionary of business and management
peppercorn rent — noun a) A nominal rent; originally a single peppercorn. b) Any very small rent … Wiktionary
peppercorn rent — noun Brit. a very low or nominal rent. Origin from the (formerly common) practice of stipulating the payment of a peppercorn as a nominal rent … English new terms dictionary
peppercorn rent — /ˈpɛpəkɔn rɛnt/ (say pepuhkawn rent) noun a nominal rent …
