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词汇 peppercorn rent
释义

Definition of peppercorn rent in English:

peppercorn rent

noun
British

  • A very low or nominal rent.

    〈英〉象征性租金，极低的租金

    the houses were let for a peppercorn rent
    Example sentencesExamples
    • While the fee represents a peppercorn rent for large consumer device manufacturers it's a toll nevertheless.
    • The city council eventually bought the site and agreed to rent it out on a peppercorn rent for art and culture.
    • Now they want to privatise it for a peppercorn rent of one pound.
    • Payment of the peppercorn rent has been an annual ceremony ever since Henry Whistler, a London merchant, leased the Ouse-side structure from the city in 1677 to use as a water tower supplying York.
    • She says: ‘The project relied on the council granting a peppercorn rent, and they sunk it by refusing.’

Origin

From the (formerly common) practice of stipulating the payment of a peppercorn as a nominal rent.
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