Glossary - S
Salami
Category | S |
---|---|
Title | Salami |
Details | 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 On | June 19, 2012, 7:22 AM |
Hits | 246 |