peppercorn

Short definition from Wiktionary

Noun

1. 1
   The seeds of the pepper plant Piper nigrum, commonly used as a spice, usually ground or crushed.
2. 2
   A small, insignificant quantity; a whit or jot.
3. 3
   A small, insignificant quantity; a whit or jot: A nominal consideration used to satisfy the requirements for the creation of a legal contract.

Proper noun

1. 1
   A surname.