Compound Interest, A Compensation For The Use Of Money Due As Interest But Not Paid, Generally Called Interest Upon Interest

Legal Definition and Related Resources of Compound interest, a compensation for the use of money due as interest but not paid, generally called interest upon interest

Meaning of Compound interest, a compensation for the use of money due as interest but not paid, generally called interest upon interest

Interest computed upon interest after maturity is compound interest. 23 111. 323; 32 111. App. 362.

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This definition of Compound Interest, A Compensation For The Use Of Money Due As Interest But Not Paid, Generally Called Interest Upon Interest is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.

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