Obs. exc. Hist. [OE. landcéap, f. land LAND sb. + céap CHEAP sb. Cf. ON. landkaup.] A customary fine paid to the lord upon the alienation of land.
c. 848. in Birch, Cartul. Sax. (1887), II. 35. Ego Berchtwulf cyning sile Forðrede minum ðeʓne niʓen hiʓida lond he salde to lond ceape xxx mancessan & niʓen hund scillinga wið ðæm londe.
1670. Blount, Law Dict., Land cheap, a certain ancient customary Fine, paid either in Mony or Cattel, at every alienation of land lying within some Mannor, or within the liberty of some Borough.