Meaning of PURAMKADAM / PORAMKADAM

PURAMKADAM / PORAMKADAM

Language - Tamil

Tamil Word - புரம்கடம் / பொரம்கடம்

The final payment or lump sum payment made to settle a loan or mortgage, upon which the ownership of the property is transferred from the borrower to the lender. Example: After years of making regular payments, the homeowner finally made the 'puramkadam' to clear their mortgage and gain full ownership of their house. This term highlights the process of loan repayment and property ownership transfer in Tamil Nadu. The 'puramkadam' marks the culmination of a financial obligation and the transition of property rights.