Interest

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ip, right, right of ownership, rightful possession, seisin, share, stake, title Associated Concepts : accounts bearing interest, assignable interest, beneficial interest, common interest, contingent interest, continuity of interest, controlling interest, future interest, interest in hand, joint interest, legal interest, legal rate of interest, life interest, person interested in a will, prop....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....lved, which, unless otherwise agreed, is calculated at the rate and on the basis customarily accepted by the banking community for the funds of money involved." In WORDS AND PHRASES permanent editions, Vol 22-page 148, Interest means :- i) "Interest" is compensation for loss of use of principal. Jersey City v. Zink, 44 A.2d 825, 828, 133 N.J. Law 437" ii) "Interest" means compensati....