Meaning of VENNILAPATHIRAM

VENNILAPATHIRAM

Language - Tamil

Tamil Word - வெண்ணிலை பத்திரம்

An unsecured promissory note or bond, a written promise to repay a debt without collateral or mortgage. Example: The lender issued a 'vennilapathiram' to the borrower, trusting their ability to repay the loan based on their reputation and creditworthiness. This term reflects the historical practice of lending and borrowing based on trust and personal relationships, highlighting the importance of creditworthiness and reputation in financial transactions.