Meaning of THAVANAIKIRAYAPATHIRAM

THAVANAIKIRAYAPATHIRAM

Language - Tamil

Tamil Word - தவணைக்கிரயபத்திரம்

A deed of sale with deferred payment terms, allowing the buyer to pay the purchase price in installments over a specified period. Example: The 'thavanaikirayapathiram' enabled the buyer to acquire the property with a down payment and subsequent installments, making it more affordable. This type of agreement facilitates property ownership for those who may not have the immediate funds to pay the full price upfront. It is commonly used in modern real estate transactions in Tamil Nadu.