benami Definition
denoting property or assets in the name of someone other than the person who owns them, or the practice of holding such property.
Using benami: Examples
Take a moment to familiarize yourself with how "benami" can be used in various situations through the following examples!
Example
The government has taken strict measures to curb benami transactions.
Example
He bought the property in his wife's name, which is a benami transaction.
Example
The benami assets were seized by the authorities.
benami Synonyms and Antonyms
Synonyms for benami
Antonyms for benami
Summary: benami in Brief
'Benami' [bɛˈnɑːmi] refers to property or assets that are held in the name of someone other than the actual owner. This practice is often used to conceal the true ownership of the property. The term is used to describe illegal transactions and is often associated with tax evasion and money laundering. Examples of benami transactions include buying property in someone else's name or transferring assets to a family member to avoid taxes.
