Interest in United States

Interest Definition

(Lat.) It concerns; it is of advantage. In Contracts. The right of property which a man has in a thing. See Insurable Interest. On Debts. The compensation which is paid by the borrower of money to the lender for its use, and, generally, by a debtor to his creditor in recompense for his detention of the debt.

Interest in Foreign Legal Encyclopedias

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Legal Issue for Attorneys

(Lat.) It concerns; it is of advantage. In Contracts. The right of property which a man has in a thing. See Insurable Interest. On Debts. The compensation which is paid by the borrower of money to the lender for its use, and, generally, by a debtor to his creditor in recompense for his detention of the debt.

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This definition of Interest is based on The Cyclopedic Law Dictionary. This entry needs to be proofread.

Plain-English Law

Interest as defined by Nolo’s Encyclopedia of Everyday Law (p. 437-455):

A commission that a borrower pays to a bank or other creditor for lending the borrower money or extending credit. An interest rate represents the annual percentage that is added to the balance of a loan or credit line. This means that if a loan has an interest rate of 8%, the creditor adds 8% to the balance each year.

Interest in State Statute Topics

Introduction to Interest (State statute topic)

The purpose of Interest is to provide a broad appreciation of the Interest legal topic. Select from the list of U.S. legal topics for information (other than Interest).

Interest (Eminent Domain Proceedings)

This section introduces, discusses and describes the basics of interest. Then, cross references and a brief overview about Eminent Domain Proceedings is provided. Finally, the subject of Civil Procedure in relation with interest is examined. Note that a list of cross references, bibliography and other resources appears at the end of this entry.

Interest (National Banks)

This section introduces, discusses and describes the basics of interest. Then, cross references and a brief overview about National Banks is provided. Finally, the subject of Banking Law in relation with interest is examined. Note that a list of cross references, bibliography and other resources appears at the end of this entry.

Interest

In Legislation

Interest in the U.S. Code: Title 26, Subtitle F, Chapter 67

The current, permanent, in-force federal laws regulating interest are compiled in the United States Code under Title 26, Subtitle F, Chapter 67. It constitutes “prima facie” evidence of statutes relating to Tax Administration (including interest) of the United States. The reader can further narrow his/her legal research of the general topic (in this case, Interest and Tax Interest of the US Code, including interest) by chapter and subchapter.

Resources

Further Reading

• Information about Interest in the Gale Encyclopedia of American Law.

Interest in Mortgage Law

In the field of mortgage refinancing, a concept of Interest may be the following: The rate used to determine the cost of borrowing money, usually stated as a percentage and as an annual rate.

Interest in Mortgage Law

In the field of mortgage refinancing, a concept of Interest may be the following: The rate used to determine the cost of borrowing money, usually stated as a percentage and as an annual rate.