Chit Agreement - Law Dictionary Search Results
Home Dictionary Name: chit agreementChit agreement
agreement between the foreman and the subscribers relating to the chit chit funds act 1982 40 of 1982 s 2 c … chit agreement means the document containing the articles of agreement between the foreman and the subscribers relating to the chit
Chit
chit means a transaction whether called chit chit fund chitty kuri or by any other name by … such other manner as may be specified in the chit agreement be entitled to the prize amount explanation a transaction is
Discount
which a prized subscriber is under the terms of the chit agreement required to forego and which is set apart under … a prized subscriber is under the terms of the chit agreement required to forego and which is set apart under the
Dividend
the subscriber in the amount of discount available under the chit agreement for rateable distribution among the subscribers at each instalment … subscriber in the amount of discount available under the chit agreement for rateable distribution among the subscribers at each instalment of
Draw
ascertaining the prized subscriber at any installment of the chit chit funds act 40 of 1982 s 2 i … draw draw means the manner specified in the chit agreement for the purpose of ascertaining the prized subscriber at any
Foreman
foreman foreman means the person who under the chit agreement is responsible for the conduct of the chit and … foreman foreman means the person who under the chit agreement is responsible for the conduct of the chit and includes
Defaulting subscriber
due in accordance with the terms of the chit agreement chit funds act 40 of 1982 s 2 f … subscriptions due in accordance with the terms of the chit agreement chit funds act 40 of 1982 s 2 f
Chit Fund Company
chit fund company chit fund company means a company managing conducting
Chit amount
of a chit without any deduction of discount or otherwise chit funds act 1982 40 of 1982 s 2 d
Chit business
chit business means the business of conducting a chit chit funds
- << Prev.
- Next >>
Sign-up to get more results
Unlock complete result pages and premium legal research features.
Start Free Trial