What does rack-rent mean?
Definitions for rack-rent
rack-rent
This dictionary definitions page includes all the possible meanings, example usage and translations of the word rack-rent.
Did you actually mean rack rent or recurrent?
Webster Dictionary
Rack-rentnoun
a rent of the full annual value of the tenement, or near it; an excessive or unreasonably high rent
Rack-rentverb
to subject to rack-rent, as a farm or tenant
Wikidata
Rack-rent
Rack-rent denotes two different concepts: ⁕an excessive or extortionate rent, or ⁕the full rent of a property, including both land and improvements if it were subject to an immediate open-market rental review 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. Also, this may be different from the rent actually being received. Historically, however, rack-rent has often been a term of protest used to denote an unjustly excessive rent, 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 to effectively confiscate wages, in addition to merely charging the tenant interest and depreciation on the capital improvements which the landlord himself has made to the land. When there is no accessible rent-free land, any improvements in the condition of society, be they in the form of civilizational progress or local improvement, are recaptured in the form of higher land values, and the leftover wages after rent is paid will tend towards subsistence, as described by David Ricardo's Law of Rent. Such rents can be described as rack-rent, and this sense of the term is economically meaningful, and distinct from other forms of rent.
Numerology
Chaldean Numerology
The numerical value of rack-rent in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of rack-rent in Pythagorean Numerology is: 9
Translation
Find a translation for the rack-rent definition in other languages:
Select another language:
- - Select -
- 简体中文 (Chinese - Simplified)
- 繁體中文 (Chinese - Traditional)
- Español (Spanish)
- Esperanto (Esperanto)
- 日本語 (Japanese)
- Português (Portuguese)
- Deutsch (German)
- العربية (Arabic)
- Français (French)
- Русский (Russian)
- ಕನ್ನಡ (Kannada)
- 한국어 (Korean)
- עברית (Hebrew)
- Gaeilge (Irish)
- Українська (Ukrainian)
- اردو (Urdu)
- Magyar (Hungarian)
- मानक हिन्दी (Hindi)
- Indonesia (Indonesian)
- Italiano (Italian)
- தமிழ் (Tamil)
- Türkçe (Turkish)
- తెలుగు (Telugu)
- ภาษาไทย (Thai)
- Tiếng Việt (Vietnamese)
- Čeština (Czech)
- Polski (Polish)
- Bahasa Indonesia (Indonesian)
- Românește (Romanian)
- Nederlands (Dutch)
- Ελληνικά (Greek)
- Latinum (Latin)
- Svenska (Swedish)
- Dansk (Danish)
- Suomi (Finnish)
- فارسی (Persian)
- ייִדיש (Yiddish)
- հայերեն (Armenian)
- Norsk (Norwegian)
- English (English)
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Citation
Use the citation below to add this definition to your bibliography:
Style:MLAChicagoAPA
"rack-rent." Definitions.net. STANDS4 LLC, 2024. Web. 18 Apr. 2024. <https://www.definitions.net/definition/rack-rent>.
Discuss these rack-rent definitions with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In