lawful interest

lawful interest
Any rate of interest up to that fixed by statute as the maximum rate at which interest can be charged by contract. Re Hoerman's Estate (Mo) 247 SW2d 762. See legal interest.

Ballentine's law dictionary. . 1998.

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  • lawful interest — amount of interest that is allowed to be charged, interest rate determined by law …   English contemporary 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

  • lawful — law·ful adj 1 a: being in harmony with the law a lawful judgment a lawful purpose b: constituted, authorized, or established by law a lawful duty 2: law abiding …   Law dictionary

  • lawful rate — The rate for transportation which a carrier must exact and which the shipper must pay. Duholm v Chicago, N. & St. P. Ry. Co. 146 Minn 1, 177 NW 772. See lawful interest; legal interest …   Ballentine's law dictionary

  • lawful — lawful, legal, legitimate, licit mean permitted, sanctioned, or recognized by law or the law. Lawful differs from the others in implying a reference to various sorts of law (as divine law, natural law, or the law of the land, or as civil law,… …   New Dictionary of Synonyms

  • Interest articulation — is a way for members of a society to express their needs to a system of government. It can range from personal contact with government officials to the development of interest groups (e.g. trade unions, professional associations, religious… …   Wikipedia

  • lawful possession — index dominion (absolute ownership), interest (ownership) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • legal interest — That rate of interest prescribed by the law which will prevail in absence of any contract between the parties fixing the rate. 30 Am J Rev ed Int § 2. As to what constitutes the legal interest which one seeking equitable relief from a usurious… …   Ballentine's law dictionary

  • statutory interest — See lawful interest …   Ballentine's law dictionary

  • Public Interest Immunity — (PII) is a principle of English common law under which the English courts can grant a court order allowing one litigant to refrain from disclosing evidence to the other litigants where disclosure would be damaging to the public interest. This is… …   Wikipedia

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