Meaning of VATTASEETU
VATTASEETU
Language - Tamil
Tamil Word - வட்டச்சீட்டு
A bond with a premium granted for goods exchanged or money lent on interest. Example: The moneylender issued a 'vattaseetu' to the borrower, specifying the interest rate and repayment terms. This term reflects the financial instruments used in traditional lending and trade practices, emphasizing the importance of written agreements and interest-based transactions.
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