interest from bond

interest from bond
Interest payable in the usual sense, that is, as compensation for the use of money, notwithstanding the obligation is encompassed in a coupon. Sayles v Commissioner of Corps. & Taxation, 286 Mass 102, 189 NE 579, 91 ALR 1267; Commissioner of Corps. & Taxation v Williston, 315 Mass 648, 54 NE2d 43, 151 ALR 1395.

Ballentine's law dictionary. . 1998.

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