Chit Amount
Legal definition for Indian law research
Definition
Chit amount, means the sum-total of the subscriptions payable by all the subscribers for any instalment of a chit without any deduction of discount or otherwise. [Chit Funds Act, 1982 (40 of 1982), s. 2(d)]
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.