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Definition of peppercorn rent noun from the Oxford Advanced Learner's Dictionary

peppercorn rent

noun

/ˌpepəkɔːn ˈrent/

/ˌpepərkɔːrn ˈrent/

(British English)

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a very low rent
Word Originfrom the (formerly common) practice of stipulating the payment of a peppercorn as a nominal rent.

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noun

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