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interest definition - legal

n

  1. Ownership of, or other right in, property.
  2. Legitimate concern with the outcome of a case or controversy, because of a likelihood that the outcome will affect oneÂ’s property rights or other rights or privileges.
  3. Compensation for making a loan, placing money on deposit, or other use of funds, expressed as a percentage of the principal, calculated and payable on a regular schedule.
compound interest
Interest calculated both on the principal and on previously accrued interest.
Insurable interest
A legal interest in the safety of property or the health and wellbeing of another person sufficient to permit the purchase of an insurance policy.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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Having your interest in something suffocated185 years ago

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