Simple Interest - Law Dictionary Search Results
simple interest
simple interest see interest
Interest
the principal. It is distinguished into simple and compound. (a) Simple interest is that which is paid for the principal or sum
Copyhold
renewable by custom the tenure in converted into a free simple, (English) Law of Properties Act, 1922, s. 135. Under s. … such manor. The tenant may have the same quantities of interest in this tenure as he may enjoy in freeholds, as
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effective
a rate of interest : equal to the rate of simple interest that yields the same amount when the rate is paid
nominal
of interest a : equal to the annual rate of simple interest that would obtain if interest were not compounded when in
annual percentage rate (apr)
including mortgage plans. APR is a higher rate than the simple interest of the mortgage. Source: U.S. Department of Housing and Urban
Tail
of Fines and Recoveries, and for the Substitution of more Simple Modes of Assurance,' which received the royal assent August 28, … formerly a freehold of inheritance and is now an equitable interest which may be created after 1925 in respect of personalty
Law of Property Act, 1925 (English)
estates or tenures in land, except an estate in fee simple in possession, and a term of years absolute in or … and mortgaged at the same time. all other estate and interests inland are reduced to equitable interests. All mortgages of the
Fee-simple
heirs for ever. And it is called in Latin feodum simplex, for feodum is the same that inheritance is, and simplex … pass to the grantee the fee-simple or other the whole interest which the grantor had power to convey in such land
Estate
concurrently with each other, thus the absolute ownership or fee simple may be leased and sub-leased, mortgaged and charged, each of … land, the word is used to denote the quantity of interest, e.g., estate in fee simple, for life, for years, etc.,
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