Interest at Legal Glossary What is it? A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance.
Interest
1. Any right or priviledge a person has over the property whether his/her personal or others. 2. It also refers to the compansation paid for the use or borrowing of the money, normally as a percentage of the amount borrowed.
Best Interest of the Child: A discretionary legal standard that pertains to support, visitation and custody.
Bigamy: A criminal offense committed when one spouse enters a marriage when the previous marriage has not been terminated.
Equity Interest: Another term for an ownership interest in a company.
Evidence: The body of law concerning the manner of presentation of information to a judge or jury in a trial.
INTEREST - Compensation paid for borrowing money for a period of time, usually a percentage rate based on the amount owe
Back To The Letter * I * The Lexicon's Lyceum Other Letters' Terms & Important Info.
Equitable interest in a trust held by the Beneficiary of the trust, as distinguished from the interest of the Trustee who holds legal title.
Conflict of Interest definition:
A personal interest that conflicts with a public or fidiciary interest.
Related Terms: Chinese Wall, Nemo Judex In Parte Sua
Company Law ...
Conflict of Interest: Refers to a situation when someone, such as a lawyer or public official, has competing professional or personal obligations or personal or financial interests that would make it difficult to fulfill his duties fairly.
Charging a higher interest rate or higher fees than the law allows.
Vacate
To set aside. To vacate a judgment is to set aside that judgment.
In the House of Commons the Register of Members' Interests allows MPs to declare any interests that they hold outside Parliament.
An out-of-court statement by a party that, when uttered, is against the party's pecuniary, proprietary, or penal interest and that is admissible under both an exclusion (admission by a party-opponent) and an exception (statement against interest) to ...
Interest RateThe percentage that a person owing money must pay to a creditor or recipient for the period that the money owed is outstanding. Criminal Rate of Interest Interest above the maximum rate allowed under the Criminal Code of Canada.
Interest Rate
The percentage of an amount of money which is paid for its use for a specified time.
Joint and Several
A liability which allows the creditor to sue any one of the debtors or sue all together.
interested person, interested party In probate, an heir, devisee, child, spouse, creditor, beneficiary, or any other person having a property right in, or a claim against, the estate.
INTERESTED PERSON -- Under the Michigan Revised Probate Code, one of the following: interested party; creditor; surety; any person having a property right in a trust estate or estate of decedent or ward who may be affected by the proceedings, ...
INTEREST, estates. The right which a man has in a chattel real, and more particularly in a future term.
BEST INTERESTS of the CHILD: Legal standard used to determine child custody, visitation and support
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Best Interest of the Child: The standard a judge uses to decide custody and visitation issues.
Bench Warrant: Court papers issued by the judge, "from the bench," for the arrest of a person.
interest
n. 1) any and all, partial or total right to property or for the use of property, including an easement to pass over a neighboring parcel of land, the right to drill for oil, a possibility of acquiring title upon the happening of some event, ...
Interest arbitration
Definition
: arbitration of a dispute over the provisions to be entered in a new contract
compare grievance arbitration in this entry ...
Interest, right or ownership in land; technically, the degree, quantity, nature and extent of a person's interest or ownership of land.
Estate law: ...
Of Interest To
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Interest Rates
Interpreter Information
Income Guidelines for Appointment of Counsel in Criminal Cases
Cap on Damages
Model Utah Jury Instructions ...
An interesting attempt at copyright in the early modern period was the notice attached to the ha- Shirim asher li-Shelomo , a setting of the Psalms by the composer Salomone Rossi, ...
An interest given on a piece of land, in writing, to guarantee the payment of a debt or the execution of some action. It automatically becomes void when the debt is paid or the action is executed.
The interest rate set by the Bank of England which is used as the basis for other banks' rates. (Civil Justice Rules)
Bastard ...
It is interesting to note that one of the leading scholars of the Germanistic revival in the beginning of the 19th century, Jacob Grimm, a compeer of Savigny in his own line, ...
A future interest left in a transferor or his (or her) heirs. A reservation in a real property conveyance that the property reverts back to the original owner upon the occurrence of a certain event.
Security Interest
An interest in real or personal property which secures or ensures payment of an obligation.
capitalized interest
The accrued interest that is added to the principal balance of a loan while you are not making payments or your payments are insufficient to cover both the principal and interest due.
Conflict of Interest: When any professional is not capable of performing services due to previous relationships or present relationships and/or a situation where confidentiality can be broken.
TENANCY An interest in realty which passes to the tenant, and a possession exclusive even of the landlord, except as a lease or rental agreement permits.
Under the Public Interest Disclosure Act 1998 and employee may disclose information about his or her employer's business (where there is wrongdoing by he employer).
Term: Security Interest
Definition: An interest in real or personal property which secures or ensures payment of an obligation.
Mortgage:
An interest given on real property to guarantee the payment of a debt or execution of some action.
An interest in the soil. Richardson v. Brewer, 81 Ind. 108 (1881). A portion of land, as, a field inclosed by a hedge, fence, or other sensible inclosure. Lochlin v. Casler, 52 How. Pr. 45 (1875).
A competent witness, for example, is one that is not disqualified by self-interest, felonious intent, inability to understand the nature of sworn testimony (as is the case with infants and small children), imbecility, dementia, ...
often found in trusts or wills and cause great difficulties when courts try to find the real intention of the settlor or testator, For example, the words "all my property to my wife to be disposed of as she may deem just and prudent in the interest ...
In civil cases a change may be permitted in the interests of justice or for the convenience of the parties.
A remainder interest is what if left-over after a life estate has run its course. Contrary to a reversion, a remainder does not go to the grantor or his (or her) heirs.
The rule against perpetuities says that a limitation of any interest in land is void if it can vest outside the perpetuity period, which is a life plus 21 years.
Attorney - A lawyer; a person admitted to legal practice in a state who is qualified to represent the legal interests of another person.
Automatic Waiver - See Waiver of Jurisdiction.
Addressees of a provision or an Act The person to which the provision or the Act applies directly, namely, the person whose behaviour, situation or interest is regulated.
Security Interest - Any interest in property acquired by contract for the purpose of securing payment or performance of an obligation.
The early English writers on economics (16th-18th cent.) used the word to mean interest on a loan, but its economic meaning gradually narrowed to the sense of the return on land. Modern rent doctrine began in the 18th cent.
A patentee, whether of the whole or any sectional interest therein, may, on payment of the fee required by law, make disclaimer (give up all or part of the owner's rights to enforce claims) of any complete claim , ...
In the court system, many states take care to see that the interests of a child are represented. States recognize that children need additional sensitivity and guidance as they move through the criminal justice process.
A valid joint tenancy is said to require the "four unities": unity of interest (each joint tenant must have an equal interest including equality of duration and extent), unity of title (the interests must arise from the same document), ...
The landlord may be the owner of the freehold or a leasehold interest that permits him to underlet.
Under common law, there can be no binding contract without consideration, which was defined in an 1875 English decision as "some right, interest, profit or benefit accruing to the one party, or some forbearance, detriment, ...
Reasonable person A phrase used to denote a hypothetical person who exercises qualities of attention, knowledge; intelligence, and judgment that society requires of its members for the protection of their own interest and the interests of others.
usuryCharging more interest than the law allows.
v venueThe county, city or geographical area in which a court may hear a case.
voir dire"To speak the truth." Questioning potential jurors to determine any reasons for disqualification.
Easement (Preservation or Conservation): Partial interest in property that can be transferred to a nonprofit organization or governmental entity by gift or sale to ensure the protection of a historic resource and/or land area in perpetuity.
party: Person having a direct interest in a legal matter, transaction or proceeding.
peremptory challenge: the challenge which may be used to reject a certain number of prospective jurors without assigning any reason ...
Generally, the parent the child does not live with will be allowed to have regular visits with the child. Parents can make any custodial arrangement that is in the best interest of their children.
Guardian ad litem - A person appointed by a court to manage the interests of a minor or incompetent person whose property is involved in litigation.
Hearing - An in-court proceeding before a judge, generally open to the public.
Usury - Extraction of interest on a loan above the maximum rate permitted by statute.
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Vacate - To set aside.
class action - An action where a large group of persons are interested in a matter. One or more may sue or be sued as representatives of the class without the need to join every member of the group.
JOINT EXECUTORS.
It is proposed to consider, 1. The interest which they have in the estate of the deceased. 2. How far they are liable for... more ...
Prosecutor A trial lawyer representing the government in a criminal case and the interests of the state in civil matters. In criminal cases, the prosecutor has the responsibility of deciding who and when to prosecute.
Forfeiture - A cancellation. A legal action whereby a contract purchaser following default loses all his interest in the property.
Fraud - A false representation of a matter of fact which is intended to deceive another.
 See also: Law, Person, State, Information, Right
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