Rack-rent
Rack-rent denotes two different concepts:an excessive or extortionate
rent, orthe full rent of a
property, including both land and improvements.The second definition is equivalent to the
economic rent of the land plus
interest on
capital improvements plus
depreciation and
maintenance -- the normal market rent of a property -- and is not inherently excessive or extortionate.Historically, however, rack-rent has often been a term of protest used to denote an unjustly excessive rent (the word "rack" evoking the medieval
torture device), usually one paid by a
tenant farmer. The two conceptions of rack-rent both apply when excessive, extortionate rent is obtained by threat of eviction resulting in uncompensated dispossession of improvements the tenant himself has made. I.e., by charging rack-rent, the
landowner unjustly uses his power over the land effectively to confiscate, and then to charge the tenant interest and depreciation on, the capital improvements the tenant himself has made to the land and is expected to maintain. This sense of the term is economically meaningful, and distinct from the market rent.
See more at Wikipedia.org...
Rack-rent
(v. t.)
To subject to rack-rent, as a farm or tenant.
(n.)
A rent of the full annual value of the tenement, or near it; an excessive or unreasonably high rent.
Webster's Revised Unabridged Dictionary (1913), edited by Noah Porter.
About
rack rent
rack-rent
سخت لگان, سنگين جمع, انتہا کا کرايہ, سخت گيري, (انتہائي لگان)
rack-rent
rack-rent /'rækrent/
ngoại động từ cho thuê (nhà, đất...) với giá cắt cổ; bắt (người thuê nhà, đất...) phải giá cắt cổ
(C) 2007
www.TừĐiểnTiếngViệt.net
RACK-RENT
FAR PAGARE UN AFFITTO ESOSO A. AFFITTO ESORBITANTE