Interest at specified rate applies from instrument date until payment or realization, subject to court direction after suit. Interest expressly made payable at a specified rate on a promissory note or bill of exchange is calculated at that specified rate on the principal from ... Summary
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Interest at specified rate applies from instrument date until payment or realization, subject to court direction after suit.
Interest expressly made payable at a specified rate on a promissory note or bill of exchange is calculated at that specified rate on the principal from the date of the instrument until tender or realization, or until such later date after institution of a suit as the court directs.
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