What is the meaning of Peppercorn?

The seeds of the pepper plant Piper nigrum, commonly used as a spice, usually ground or crushed.

A small, insignificant quantity; a whit or jot.

  1. A nominal consideration used to satisfy the requirements for the creation of a legal contract.

    A nominal consideration used to satisfy the requirements for the creation of a legal contract.

    Source: wiktionary.org