Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. Chiefly British Rent paid for land to be used chiefly for building.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. Rent paid for the land, usually for a long-term lease or in perpetuity, where the land-owner and the owner of improvements are different; the improvements are effectively security for the payment of the rent.

from the GNU version of the Collaborative International Dictionary of English

  • n. rent paid for the privilege of building on another man's land.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. payment for the right to occupy and improve a piece of land

Etymologies

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