- token rent
- /'təυkən rent/ nouna very low rent payment to show that some rent is being asked
Dictionary of banking and finance. 2015.
Dictionary of banking and finance. 2015.
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
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