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...] about INTEREST FOR MONEY
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INTERCEDERE
Lat. In the civil law. To become bound for another's debt … [Read more...] about INTERCEDERE
INTEREST RATE
The percentage that is stated as the interest due on a loan or on commercial paper. … [Read more...] about INTEREST RATE
INTERCEPT
To interfere or take something on its way and prior to it reaching its destination. … [Read more...] about INTERCEPT
INTERCHANGEABLY
By way of exchange or interchange. This term properly denotes the method of signing deeds, leases, contracts, etc., executed in duplicate, where each party signs the copy which he delivers to the other. Roosevelt v. Smith, 17 Misc. Rep. 323, 40 N. Y. Supp. 381. … [Read more...] about INTERCHANGEABLY