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Salami

CategoryS
TitleSalami
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A free gift made by way of compliment or in return for a favour. [Macnaughten’s Mohammadan Law]

 

A complimentary present to a superior; a premium or fine for receiving a lease or settlement of any property. [Mitra’s Legal & Commercial Dictionary]

 

Salami is a payment by the tenant as a present or as price for parting by the landlord with his rights under the lease of a holding. It is a lump sum payment as consideration for what the landlord transfers to the tenant. [AIR 1957 SC 729, 733]

Created OnJune 19, 2012, 7:22 AM
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