Saturation magnetization measurements of Ni‐Pd alloys show for a Pd concentration range c, 0–50 at. %, a linear decrease of the mean atomic moment according to M = MNi−0.11c, with MNi = 0.616 μB. The extrapolated moment for Pd is 0.51 μB. Ferromagnetic resonance measurements at 35 GHz show a hyperbolic increase of the g factor with Pd addition. The calculated spin moments vary linearly as Msp = 0.56−0.17c, indicating 0.39 hole in the 4d band of Pd. The g factor of Pd would be 2.58, indicating a non‐negligible orbital contribution.

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