construction interest

construction interest
That sum of money estimated for payment of interest accruing on special assessment warrants, sold to defray the cost of an improvement, from the time of such sale until special assessments become due and payable and begin to draw interest, such sum being added to the cost of the improvement and included in the total amount of the special assessment warrants issued and sold. Hoffman v Minot (ND) 77 NW2d 850, 58 ALR2d 1338.

Ballentine's law dictionary. . 1998.

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