Laudemium
Legal definition for Indian law research
Definition
Laudemium, means a sum paid to a landowner by a person succeeding to a particular form of land contract by gift, devise, exchange, or sale. The payment equaled 2% of the purchase money, and was paid to the landowner for acceptance of the successor, Black's Law Dictionary, 7th Edn., p. 889.
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.