What is PEPPERCORN?

A dried berry of the black pepper. In English law, the reservation of a merely nominal rent, on a lease, is sometimes expressed by a stipulation for the payment of a peppercorn.

More On This Topic



Link to This Definition
Did you find this definition of PEPPERCORN helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary