Meaning of KUDANVARIPPA

KUDANVARIPPA

Language - Tamil

Tamil Word - குடன்வரிப்பா

The interest rate charged on loans of money that are not secured by land or property. Example: In historical Tamil Nadu financial transactions, 'kudanvarippa' might refer to the interest rate applied to personal loans or unsecured debts, which could be higher due to the lack of collateral. This term highlights the different types of loans and interest rates that existed in historical Tamil Nadu, where unsecured loans often carried higher interest rates due to the increased risk for the lender.