Compound Interest - Law Dictionary Search Results
Home Dictionary Name: compound interestCompound interest
Compound interest, 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 sort of secondary principal. It is ordinarily not recoverable at law, see Fergusson v. Fyffe, (1840) 8 Cl & F 121, and Wrigley v. Gill, (1906) 1 Ch 165. See INTEREST....
compound interest
compound interest see interest ...
Interest
Interest, an interest for the purposes of the regula-tion was not limited to a direct financial interest and included membership of a panel such as the panel of which the claimant's solicitors were members that, therefore, the Claimant's Solicitors had had an interest in recommending the insurance which they recommend to her; that, in the circumstances, there had not been sufficient disclosure of that interest; and that, accordingly, there had been a material breach of regulation 4(2)(e)(ii) and the conditional fee agreement was unenforceable [See (English) Conditional Fee Agreements Regulation, 2000 (SI 2000/692), reg. 4(2)(c)(e)(ii)], Garrett v. Halton BC, (2007) 1 WLR 554 CA Cir.Interest, inter alia as the compensation fixed by agreement or allowed by law for the use or detention of money, or for the loss of money by one who is entitled to its use; especially, the amount owed to a lender in return for the use of the borrowed money [Black's Law Dictionary (7th Edn.) pp. 393-94 para 3...
Interest upon interest
Interest upon interest, compound interest....
compound
compound 1 : to agree for a consideration not to prosecute (an offense) NOTE: Compounding a felony is a common-law crime. 2 : to pay (interest) on both the accrued interest and the principal ...
effective
effective 1 : producing a desired effect [an revocation of the contract] 2 : capable of bringing about an effect [ assistance of counsel] see also ineffective assistance of counsel 3 : being in effect 4 of a rate of interest : equal to the rate of simple interest that yields the same amount when the rate is paid once at the end of the interest period as a quoted rate of interest does when calculated at compound interest over the same period compare nominal ef·fec·tive·ness n ...
Compound and common compound
Compound and common compound, it is axiomatic to say that the term 'compound' is different from the term 'common compound'. The former is the individual compound of a building, latter is the common compound for all the buildings situated therein, Municipal Board v. Imperial Tobacco of India Ltd., (1999) 1 SCC 566: AIR 1999 SC 264 (272). [Uttar Pradesh Municipalities Act, 1916 (2 of 1916), s. 129(a) Exp. (q)]...
Common compound
Common compound, the aforesaid meaning of the term 'common' read in the light of term 'compound' as an adjective makes it very clear that if the compound land is shared in common by occupants of number of building situated there in it would be a common compound for them, Municipal Board, Shaharanpur v. Imperial Tobacco of India Ltd., AIR 1999 SC 264.Common compound, any land used in common by the occupants of buildings situated in such common land can be said to form a 'common compound' covering all such buildings and once that conclusion is reached, Municipal Board Saharanpur v. Imperial Tobacco of India Ltd., (1999) 1 SCC 566....
Compounding
Compounding, arranging, coming to terms; compounding a felony is where the party robbed not only knows the felon, but also takes his goods again, or other amends, upon an agreement not to prosecute; this offence was denominated theftbote. It is a misdemeanour and is punishable by fine and imprisonment. See Reg. v. Burgess, (1885) 16 QBD 141.It is no offence to compound a misdemeanour unless the offence is virtually an offence against the public, for the party injured may maintain an action to recover compensation in damages. See Keir v. Leeman, (1844) 6 QB 308; (1846) 9 QB 371; Odgers on the Common Law. And compounding offences only cognizable before magistrates on summary jurisdiction is not within 18 Eliz. c. 5.Corruptly to take reward for helping a person to recover stolen goods is felony (Larceny Act, 1916, s. 34); and to advertise a reward for the return of things stolen by an advertisement representing that no questions will be asked, etc., incurs a penalty of 50l. (Larceny Act, ...
Anatocism
Anatocism [fr. 'v' and tokos, Gk.], taking compound interest for the loan of money....
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