Interest allowed upon interest; for example, when a sum of money due for interest, is added to the principal, and then bears interest. This is not, in general, allowed. See Interest for money. Law Dictionary - Alternative Legal Definition Interest upon interest, i.e., when the interest of a sum of money is added to the principal, and then bears Interest, which thus becomes a … [Read more...] about COMPOUND INTEREST
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COMPTROLLERS
(I) There are officers who bear this name, in the treasury department of the United States. (II) A person that supervises accounting and financial reporting within a corporation or organization. A comptroller is an accountant in a business overseeing accounting actions and the proper implementation and monitoring of internal controls within the organization. … [Read more...] about COMPTROLLERS
COMPOUND QUESTION
One question that is actually two or more questions. At trial, a witness can only be asked to answer one question at a time. The question may be objected to and, as a result, the compound question must be broken into individual questions to be asked separately. … [Read more...] about COMPOUND QUESTION
COMPULSION
The forcible inducement to act. 2. Compulsion may be lawful or unlawful. 1. When a man is compelled by lawful authority to do that which be ought to do, that compulsion does not affect the validity of the act; as for example, when a court of competent jurisdiction compels a party to execute a deed, under the pain of attachment for contempt, the grantor cannot object to it on … [Read more...] about COMPULSION
COMPOUNDABLE
Able to be compounded (see compound). Able to be added to or made worse, a compound crime. In Indian law a compoundable offence is one which can be settled before the court (as opposed to a non-compoundable offence which cannot). It may refer to an offense that can be settled for money between an injured party and the defendant. … [Read more...] about COMPOUNDABLE
