“ Lat. feudum, feodum or feum, of its French equivalent fief, and English “fee,” in Scots law “feu” (q.v.) , is extremely obscure. (See the New English Dictionary, s.v. “Fee.”) There is a common Teutonic word represented in Old English as feoh or féo, in Old High German as fehu, meaning property in the shape of cattle (cf. modern Ger. Vieh, Dutch vee) . The old Aryan péku gives Sanskrit paçu, Lat. pecus, cattle, whence pecunia, money. The O. Eng. feoh, in the sense of money, possibly survives in “fee,” honorarium, though this is not the view of the New English Dictionary. ”

“ A fee farm rent is the rent reserved on granting a fee farm, i.e. land in fee simple, to be held by the tenant and his heirs at a yearly rent. It is generally at least one-fourth of the value of the land at the time of its reservation. ”