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penalty interest

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  • interest — The most general term that can be employed to denote a right, claim, title, or legal share in something. In its application to real estate or things real, it is frequently used in connection with the terms estate, right, and title. More… …   Black's law dictionary

  • interest — The most general term that can be employed to denote a right, claim, title, or legal share in something. In its application to real estate or things real, it is frequently used in connection with the terms estate, right, and title. More… …   Black's law dictionary

  • penalty — pen·al·ty / pen əl tē/ n pl ties 1: a punishment that is imposed on a wrongdoer by statute or judicial decision 2: a pecuniary sum that by agreement is to be paid by a party who fails to fulfill an obligation to another and that is punitive… …   Law dictionary

  • interest — in·ter·est / in trəst; in tə rəst, ˌrest/ n [probably alteration of earlier interesse, from Anglo French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter between, among + esse to be] 1: a right, title, claim …   Law dictionary

  • Interest —     Interest     † Catholic Encyclopedia ► Interest     Notion of interest     Interest is a value exacted or promised over and above the restitution of a borrowed capital.     ♦ Moratory interest, that is interest due as an indemnity or a… …   Catholic encyclopedia

  • interest — A right in, or share of, something. Concern. The compensation allowed by law, or fixed by the parties, for the use, detention, or forbearance of money or its equivalent. 30 Am J Rev ed Int § 2. Compensation payable on a contractual basis or… …   Ballentine's law dictionary

  • penalty-free — /ˌpen(ə)lti fri:/ adjective without incurring any penalty, without losing any interest on money invested ● penalty free withdrawal …   Dictionary of banking and finance

  • Interest of the company — The interest of the company (sometimes company benefit or commercial benefit ) is a concept that the board of directors in corporations are in most legal systems required to use their powers for the commercial benefit of the company and its… …   Wikipedia

  • penalty for nonpayment of taxes — A penalty, often in the form of imposition of interest charges, on the amount in which a taxpayer is delinquent in payment. 51 Am J1st Tax § 970 …   Ballentine's law dictionary

  • penalty — / pen(ə)lti/ noun 1. a punishment, often a fine, which is imposed if something is not done or is done incorrectly or illegally 2. money withheld from an investor if he or she withdraws money from an interest bearing account early …   Dictionary of banking and finance

  • Credit card interest — Finance Financial markets Bond market …   Wikipedia

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