- conventional interest
- A charge, nmade pursuant to agreement between lender and borrower, by way of rental or compensation for the use of money. 30 Am J Rev ed Int § 2.
Ballentine's law dictionary. Anderson, W.S.. 1998.
conventional interest
Look at other dictionaries:
conventional — con·ven·tion·al /kən ven chə nəl/ adj 1: based on, settled by, or formed by agreement: contractual compare judicial 2, legal 2c 2: of, like, or r … 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
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
conventional — Depending on, or arising from, the mutual agreement of parties; as distinguished from legal, which means created by, or arising from, the act of the law. As to conventional estates conventional interest conventional mortgage conventional… … Black's law dictionary
conventional — Depending on, or arising from, the mutual agreement of parties; as distinguished from legal, which means created by, or arising from, the act of the law. As to conventional estates conventional interest conventional mortgage conventional… … Black's law dictionary
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Interest-only loan — An interest only loan is a loan in which for a set term the borrower pays only the interest on the principal balance, with the principal balance unchanged. At the end of the interest only term the borrower may enter an interest only mortgage, pay … Wikipedia
conventional subrogation — A contract right of subrogation; subrogation founded upon some understanding or agreement, express or implied, and not arising merely from the equities of the situation. New York Ins. Co. v Tice, 159 Kan 176, 152 P 2d 836, 157 ALR 1233; a… … Ballentine's law dictionary
