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...
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 ...
Interest upon interest
Interest upon interest, compound interest....
Anatocism
Anatocism [fr. 'v' and tokos, Gk.], taking compound interest for the loan of money....
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 ...
nominal
nominal 1 : existing or being something in name or form but usually not in reality [defenses…raised by the corporation as defendant in a derivative suit "R. C. Clark"] 2 : being so small or trivial as to be a mere token [charging a fee] 3 of a rate of interest a : equal to the annual rate of simple interest that would obtain if interest were not compounded when in fact it is compounded and paid for periods of less than a year b : equal to the percentage by which a repaid loan exceeds the principal borrowed with no adjustment made for inflation compare effective nom·i·nal·ly adv ...
Derivative Deed
Derivative Deed. A secondary deed of conveyance or settlement of property, which presupposes some other conveyance primary or precedent, and only serves to enlarge, confirm, alter, restrain, restore, or transfer the interest granted by such original conveyance. See COMPOUND SETTLEMENT....
Settled land
Settled land. For the purposes of the (English) Settled Land Acts, 1882-1890, 'settled land' meant land, and any estate and interest therein, which was the subject of a settlement; and 'settlement' meant any instrument, or any number of instruments, under which any land, or any estate or interest in land, 'stands for the time being limited to or in trust for any persons by way of succession' (Settled Land Act, 1882, s. 2) (see infra for the statutory definitions in the Settled Land Act, 1925, which has repealed the S.L. Acts, 1882-1890). Where the settlement consists of more instruments than one it is commonly called a 'compound settlement,' though this term is not defined in the Acts themselves; as to compound settlements, see Re Du Cane & Nettlefold, (1898) 2 Ch 96; Re Munday & Roper, (1899) 1Ch 275; Re Lord Wimborne & Browne (1904) 1 Ch 537; Wolstenholme & Cherry, Conveyancing, etc., Acts.Prior to 1856 settled estates could not be sold or leased except under the authority of some po...
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