Legal glossary
“share of discount”
Defined in 1 Acts. A definition holds for the Act that gives it; the same word can mean something else in another Act.
The Chit Funds Act, 1982 · s. 2
(pa) "share of discount" means the share of the subscriber in the amount of discount available under the chit agreement for rateable distribution among the subscribers at each instalment of the chit.]
Read section 2