English

Noun

peppercorn rent ‎(plural peppercorn rents)

1. A nominal rent, originally of a single peppercorn. [from 16th c.]
   • 2016, Simon Heffer, Literary Review, May 2016 p. 1:

     Where public libraries are scheduled for closure, their premises and stock should be offered at a peppercorn rent and on a long lease to any subscription library wishing to take them over.