Meaning of POROMBODOM

POROMBODOM

Language - Tamil

Tamil Word - பொரோம்பொடோம்

Rent paid for an estate or property in lieu of interest on a mortgage. Example: In Tamil Nadu, a landowner might allow a borrower to use their estate in exchange for rent instead of charging interest on the mortgage. This term reflects a flexible approach to mortgage arrangements in Tamil Nadu, where rent can be used as an alternative to interest payments, potentially benefiting both the lender and the borrower.