In the world of finance, there is a term commonly used in India to describe a practice known as "pagdi". This refers to a small amount of money given to a landlord as a gesture of good faith to temporarily halt negotiations on a property, once the initial terms have been agreed upon. This informal custom is often seen as a way to seal the deal and establish a sense of commitment between parties. It is a unique aspect of the Indian real estate market and showcases the cultural nuances of conducting business in the country.
