Legal Definition and Related Resources of Rests

Meaning of Rests

In respect of accounting between parties , the term denotes the process of adjusting the accounts between them by calculating the interest at stated intervals, at which intervals it is said that accounting between parties, particularly interest, is given a rest. If the interest were to be in default , then the amount so in arrears is added to the principal and compound is calculated on the resulted sum.

Rests Alternative Definition

Periodical balancings of an account (particularly in mortgage and trust accounts), made for the purpose of converting interest into priiicipal, and charging the party liable thereon with compound interest. Mozley & W.

Related Entries of Rests in the Encyclopedia of Law Project

Browse or run a search for Rests in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Rests in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Rests in Historical Law in the Encyclopedia of Law.

Legal Abbreviations and Acronyms

Search for legal acronyms and/or abbreviations containing Rests in the Legal Abbreviations and Acronyms Dictionary.

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C.o.d., Covenant Running With The Land, Equitable Adoption, Finding, Inverse Condemnation, Local Assessment, Marshaling, Proof, Ruling.


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Related topics Rests in the World Encyclopedia of Law


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

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