|
|
| |
|
|
| |
| Related Links |
|
|
| |
|
|
|
|
Home > Legal Research > Glossary
 |
Legal interest |
Definition
: a lawful interest rate and esp. the highest rate allowed <proposals to increase the legal interest on department store credit cards to 15% American Banker>
also
: interest computed at such a rate <awarded the defendant legal interest>
compare usury
Definition
: an interest that is recognized in law (as by legal title)
compare equitable interest in this entry legal title at title
Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
http://www.m-w.com |
 |
|
|
|
|
