Meaning of BANDAGAM

BANDAGAM

Language - Tamil

Tamil Word - பந்தகம்

A pledge, pawn, or mortgage, typically involving the use of property or assets as security for a loan or debt. Example: The farmer pledged his land as 'bandagam' to obtain a loan for agricultural improvements. This term reflects the historical and contemporary practice of using property as collateral for loans. It highlights the risks associated with such arrangements, as defaulting on the loan could lead to the loss of the pledged property.