- legal interest
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legal interest see interest 1, 5
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
legal interest
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legal interest — UK US noun [C] LAW, PROPERTY ► the right to own all or part of something: a legal interest in sth »The trustee has a legal interest in the property. → Compare BENEFICIAL INTEREST(Cf. ↑beneficial interest) … Financial and business terms
legal interest — That rate of interest prescribed by the law which will prevail in absence of any contract between the parties fixing the rate. 30 Am J Rev ed Int § 2. As to what constitutes the legal interest which one seeking equitable relief from a usurious… … Ballentine's law dictionary
legal interest — noun The amount of interest that is allowed or required to be charged by law; an interest rate determined by law … Wiktionary
legal interest — amount of interest that is allowed to be charged; interest rate determined by law … English contemporary dictionary
interest — in·ter·est / in trəst; in tə rəst, ˌrest/ n [probably alteration of earlier interesse, from Anglo French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter between, among + esse to be] 1: a right, title, claim … Law dictionary
highest legal interest — Any rate of interest up to that fixed by statute as the maximum rate. Daniel v Gibson, 72 Ga 367. highest point. The apex of a vein of mineral … Ballentine's law dictionary
legal — 1. Conforming to the law; according to law; required or permitted by law; not forbidden or discountenanced by law; good and effectual in law; of or pertaining to the law; lawful. Freeman v. Fowler Packing Co., 135 Kan. 378, 11 P.2d 276, 277. See… … Black's law dictionary
legal — 1. Conforming to the law; according to law; required or permitted by law; not forbidden or discountenanced by law; good and effectual in law; of or pertaining to the law; lawful. Freeman v. Fowler Packing Co., 135 Kan. 378, 11 P.2d 276, 277. See… … Black's law dictionary
interest — the cost of borrowing money. Glossary of Business Terms What is paid to a lender for the use of his money and includes compensation to the lender for three factors: 1) Time value of money (lender s rate) the value of today s dollar is more than… … Financial and business terms
Interest — The price paid for borrowing money. It is expressed as a percentage rate over a period of time and reflects the rate of exchange of present consumption for future consumption. Also, a share or title in property. The New York Times Financial… … Financial and business terms
