(A) Banking. An amount or commission that is paid to a lender (such as a bank) for a loan of money or an extension of credit. The interest rate is added to the balance due and calculated periodically. It may be monthly or annual. Compounded means that the interest that is generated but which may not be due until later, may be added into the calculation of the amount due under … [Read more...]

Lat. In the civil law. To introduce or insert among or between others; to introduce a day or month into the calendar; to intercalate. Dig. 50, 16, 98, pr. … [Read more...]

contracts. The compensation which is paid by the borrower to the lender or b the debtor to the creditor for its use. 2. It is proposed to consider, 1. Who is bound to pay interest. 2. Who is entitled to receive it. 3. On what claim it is allowed. 4. What interest is allowed. 5. How it is computed. 6. When it will be barred. 7. Rate of interest in the different states. … [Read more...]

Lat. In the civil law. To become bound for another's debt … [Read more...]

The percentage that is stated as the interest due on a loan or on commercial paper. … [Read more...]