peppercorn rent

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Definitions from WordNet

Noun peppercorn rent has 1 sense

peppercorn rent - very low or nominal rent
--₁ is a kind of rent

Definitions from the Web

Peppercorn Rent

Noun - Financial sense:

Peppercorn rent refers to a token rent or a ridiculously low amount of money that is charged as rent for a property, usually for symbolic or historical purposes, rather than for its true market value.

Example sentence: The historic castle was leased to the local government for a peppercorn rent of £1 per year.

Noun - Culinary sense:

Peppercorn rent, in the culinary context, refers to a variety of whole peppercorns used for seasoning and flavoring various dishes.

Example sentence: The recipe called for a teaspoon of mixed peppercorn rent, including black, white, and pink peppercorns.