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, or share in property
Article Nine security interest: security interest (2) in this entry
beneficial interest: the right to the use and benefit of property
a beneficial interest in the trust
contingent interest: a future interest whose vesting is dependent upon the occurrence or nonoccurrence of a future event compare vested interest in this entry
controlling interest: sufficient stock ownership in a corporation to exert control over policy
equitable interest: an interest (as a beneficial interest) that is held by virtue of equitable title or that may be claimed on the ground of equitable relief
claimed an equitable interest in the debtor's assets
executory interest: a future interest other than a remainder or reversion that may take effect upon the divesting of a prior interest or one created simultaneously
◇ Unlike a remainder, an executory interest does not require the expiration of a prior interest. It was designed to guard against the destructibility of contingent remainders set forth in the rule in Shelley's case.
expectation interest: the interest of a party to a breached contract in receiving the benefit of the bargain by being put in a position as good as that which would have resulted had the contract been performed – called also expectancy interest; compare reliance interest in this entry
future interest: an interest in property limited or created so that its owner will come into the use, possession, or enjoyment of it at some future time see also contingent interest and executory interest in this entry compare remainder, reversion
insurable interest: an interest or stake in property or in a person that arises from the potential for esp. financial loss upon the destruction of the property or the death of the person and that is a requirement for enforcing an insurance contract
◇ The purpose of requiring an insurable interest is to prevent the use of insurance as a form of gambling or as a method of profiting from destruction.
legal interest: an interest that is recognized in law (as by legal title) compare equitable interest in this entry legal title at title
life interest: an interest lasting for the duration of a person's life that forecloses the ability to affect the property beyond that term compare life estate at estate 1
possessory interest: an interest (as a right) involving or arising out of the possession of property
◇ A possessory interest is based on control rather than use. Thus a lessee who occupies and controls the use of property has a possessory interest, while a party who has an easement does not.
purchase money security interest
1: the security interest held by the seller of collateral to secure payment of all or part of the price
2: the security interest of a person that gives value to a debtor so that the debtor may acquire rights in or the use of collateral
reliance interest: the interest of a party to a breached contract in being compensated for detriments suffered (as expenses incurred) in reliance on the agreement compare expectation interest in this entry
reversionary interest: an interest in property (as a possibility of reverter or a power of termination) remaining in the transferor of the property or in his or her successor in interest
security interest
1: an interest in property that exists by contract as security for payment or performance of an obligation
the security interest of a mortgagee in the mortgaged property; also: lien
◇ While a lien may be created by statutory or judicial means without any agreement providing for security (as in the case of a tax lien or judgment lien), a security interest and lien may inhere in the same claim, as when a mortgage comprises both a lien on and security interest in the mortgaged property.
2: an interest in personal property or fixtures created by a security agreement that secures payment or performance of an obligation
the creditor had a security interest in the inventory and accounts receivable of the business – called also Article Nine security interest; see also attach 3, perfect 2 b, purchase money security interest in this entry
◇ Security interests in personal property are governed by Article 9 of the Uniform Commercial Code. The security interest set out in Article 9 largely replaces the traditional devices for security, such as the pledge and chattel mortgage. A security interest in property that has attached enables a creditor to obtain satisfaction of a debt out of the property without the need to obtain a judgment in court and levy on the property. Further, it provides the creditor with priority over competing claims against the property.
terminable interest: an interest (as in a life estate) that will terminate upon the occurrence of an event or the passing of time
vested interest: a present and certain right to the present or future enjoyment of property compare contingent interest in this entry
working interest: the interest of a party that holds the right to oil, gas, or minerals on a property and that bears production costs see also overriding royalty
2: a specific concern or level of involvement (as financial involvement) esp. that warrants recognition or causes bias
had a right to intervene because of an interest in the litigation
recused himself due to an interest in the matter see also conflict of interest
3: something that causes or warrants particular attention: as
a: a principle, purpose, or object of concern
compelling state interest: a governmental interest (as in educating children or protecting the public) which is so important that it outweighs individual rights
public interest
1 a: the general welfare and rights of the public that are to be recognized, protected, and advanced
the attorney general has standing as a representative of the public interest
b: a specific public benefit or stake in something
the public interest in controlling crime
2: the concern or attention of the public
a matter of widespread public interest
b: a right esp. that arises from a constitution (as the U.S. Constitution); esp: such a right considered as an issue or claim created in or involving a particular situation or thing
no person will be deprived of his interest s in the absence of a proceeding in which he may present his caseMarshall v. Jerrico, Inc., 446 U.S. 238 (1980)
liberty interest: an interest in freedom from governmental deprivation of liberty esp. without due process
the liberty interest implicated by the needless discouragement of the exercise of the right to counselState v. Albert, 899 P.2d 103 (1995) (dissent)
privacy interest: an interest in freedom from governmental intrusion into matters in which one has a reasonable expectation of privacy
we have no privacy interest protected by the federal Constitution in limiting public or government access to knowledge of our financial transactions — L. H. Tribe
property interest: an interest in freedom from governmental deprivation of property and sources of financial gain (as employment or a government benefit) without due process; broadly: something (as a job or benefit) to which one has a legitimate claim of entitlement and that cannot be taken away without due process as distinguished from the unprotected object of a need, desire, or expectation
4: the well-being of a person
— often used in pl.
does not serve the child's best interest s
5: a charge for the use of another's money that is usu. a percentage of the money being used
an account yielding 7% interest
paid back the loan with interest
com·pound interest: interest computed on the sum of the original principal and accrued interest
legal interest: a lawful interest rate and esp. the highest rate allowed
proposals to increase the legal interest on department store credit cards to 15%American Banker; also: interest computed at such a rate
awarded the defendant legal interest compare usury
qualified residence interest: interest that is deductible from adjusted gross income under federal tax law when it is paid on debt that is secured by one's residence and that was incurred for the acquisition, construction, improvement, or refinancing of the residence or through a home equity loan
sim·ple interest: interest computed on the principal of a loan or account

Merriam-Webster’s Dictionary of Law. . 1996.

interest
I (concern) noun absorption, admiration, anxiety, application, assiduity, attention, attention to detail, awe, care, close attention, concentration, conscientiousness, consequence, consideration, curiosity, curiousness, desire to know, diligent attention, disposition to inquire, eagerness, enthusiasm, esteem, excitement, gravity, heed, needfulness, import, importance, inclination to ask questions, intentiveness, intentness, mark, meddling, meticulosity, mindfulness, minute attention, minuteness, moment, note, pertinence, preoccupation, prying, questioning, regard, regard fulness, relevance, reverence, salience, significance, solicitude, studiousness, studium, thoughtfulness, undivided attention, veneration, weight, weightiness, worry associated concepts: conflict of interest, declaration against interest, direct interest, insurable interest, interest in the controversy, interested witness, legal interest, material interest, real party in interest, united in interest II (ownership) noun assets, belongings, claim, dominion, droit, holding, lawful possession, part, participation, percentage of ownership, portion, possession, property, proprietorship, right, right of ownership, rightful possession, seisin, share, stake, title associated concepts: accounts bearing interest, assignable interest, beneficial interest, common interest, contingent interest, continuity of interest, controlling interest, future interest, interest in land, joint interest, legal interest, legal rate of interest, life interest, person interested in a will, property interest, qualified interest, remainder interest, remaining interest, transfer of interest, undivided interest foreign phrases:
- Nemo plus juris ad alienum transferre potest quam ipse habet. — No one can transfer to another any greater right than he himself has
III (profit) noun accrual, advantage, dividend, earnings, faenus, gain, increment, monetary benefit, monetary gain, premium for the use of money, profit from money loaned, usura associated concepts: legal rate of interest, usury IV verb absorb, affect, arouse, arouse notice, arouse one's enthusiasm, attract, attract notice, beguile, catch the eye, concern, delectare, divert one's attention, engage the attention, engage the mind, engage the thoughts, engross, engross the mind, engross the thoughts, entangle, entertain, enthrall, entice, excite, fascinate, grip, hold the attention, inspire, involve, move, occupy, occupy the attention, pique, placere, rouse, stir, tantalize, tempt, tenere, titillate, touch, whet one's interest V index activity, advocacy, appertain, behalf, benefit (betterment), birthright, boom (increase), business (affair), claim (right), commission (fee), concern (involve), contribution (participation), dividend, dominion (absolute ownership), engage (involve), equity (share of ownership), fee (estate), holding (property owned), immerse (engross), market (demand), motivate, nepotism, occupy (engage), part (portion), patronage (support), prescription (claim of title), profit, regard (attention), regard (esteem), remainder (estate in property), revenue, significance, title (right), weight (importance), welfare

Burton's Legal Thesaurus. . 2006


interest
n.
(1) A right, claim, or title to something.
(2) A share or stake in some undertaking; a personal stake in a matter.
(3) Money paid at a specified rate on a regular basis for the use of a loan or to delay the date of repayment of a loan.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


interest
1. a payment made by a borrower for the use of money, calculated as a percentage of the principal sum borrowed and payable by reference to the time that the loan is outstanding. Interest may be simple, where the amount payable is calculated on the sum borrowed only, or compound, where interest is added to the capital sum borrowed and itself earns interest.
Interest on a loan taken out by a company is payable whether or not the company has earned any profits; in contrast, dividends are payable only out of profits earned. Interest on company loans is a deduction for corporation tax purposes. Dividend payments are not so deductible; indeed, such payments attract liability to advance corporation tax.
2. a right, title or estate to personal or real property. Section 1 of the Law of Property Act 1925 provides that the only estates in land capable of subsisting and of being conveyed or created at law are an estate in fee simple absolute in possession and a term of years absolute. The only interests in or over land capable of subsisting or of being conveyed or created at law are an easement, right or privilege in or over land capable of existing for an interest equivalent to an estate in fee simple absolute in possession (i.e. in perpetuity) or a term of years absolute (i.e. for a fixed and determinate period) and a charge by way of legal mortgage. All other estates, interests and charges in or over land take effect as equitable interests. See interest relief.
In Scotland a litigant must, as well as having title to sue, have an interest to sue.

Collins dictionary of law. . 2001.


interest
A fee for the use of money. For example, you pay a bank or other creditor for lending you money or extending you credit. The interest rate represents the yearly price charged by the lender for the loan, expressed as a percentage of the total amount borrowed. You might be paid interest if you let a bank use your money—for example, by depositing it in a savings account. The bank pays you interest for the right to lend out your money (for which it receives interest from the borrower).
Category: Bankruptcy, Foreclosure & Debt

Nolo’s Plain-English Law Dictionary. . 2009.


interest
n.
1 Ownership of, or other right in, property.
2 Legitimate concern with the outcome of a case or controversy, because of a likelihood that the outcome will affect one's property rights or other rights or privileges.
3 Compensation for making a loan, placing money on deposit, or other use of funds, expressed as a percentage of the principal, calculated and payable on a regular schedule.
@ compound interest
Interest calculated both on the principal and on previously accrued interest.
=>> interest.
@ insurable interest
A legal interest in the safety of property or the health and wellbeing of another person sufficient to permit the purchase of an insurance policy.
=>> interest.
@

Webster's New World Law Dictionary. . 2000.


interest
A comprehensive term to describe any right, claim, or privilege that an individual has toward real or personal property. Compensation for the use of borrowed money.

Dictionary from West's Encyclopedia of American Law. 2005.


interest
A comprehensive term to describe any right, claim, or privilege that an individual has toward real or personal property. Compensation for the use of borrowed money.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

interest
n.
   1) any and all, partial or total right to property or for the use of property, including an easement to pass over a neighboring parcel of land, the right to drill for oil, a possibility of acquiring title upon the happening of some event, or outright title. While most often referring to real property, one may have an interest in a business, a bank account or any article.
   2) the financial amount (money) paid by someone else for the use of a person's money, as on a loan or debt, on a savings account in a bank, on a certificate of deposit, promissory note or the amount due on a judgment. Interest is usually stated in writing at the time the money is loaned. There are variable rates of interest, particularly on savings accounts which depend on funding from the Federal Reserve or other banks and are controlled by the prevailing interest rates on those funds. Maximum interest rates on loans made by individuals are controlled by statute. To charge more than that rate is usury, the penalty for which may be the inability of a creditor to collect through the courts. The interest rates demanded by lending institutions are not so restricted. The maximum legal interest often granted by the courts on judgments is set by the law of the state. Simple interest is the annual rate charged for a loan, and compound interest includes interest upon interest during the year.
   3) one's involvement in business, activities or with an individual which is sufficient to create doubt about a witness being objective-damaging his/her credibility.
   4) one's involvement in business, activities or with an individual which is sufficient connection to give a person "standing" (the right based on interest in the outcome of the lawsuit or petition) to bring a lawsuit on a particular matter or act on behalf of other people.

Law dictionary. . 2013.

Synonyms:

Look at other dictionaries:

  • interest — INTEREST. s. m. Ce qui importe, ce qui convient en quelque maniere que ce soit, ou à l honneur, ou à l utilité, ou à la satisfaction de quelqu un. Interest public, general, commun. interest de famille. interest particulier. interest d honneur.… …   Dictionnaire de l'Académie française

  • Interest — In ter*est, n. [OF. interest, F. int[ e]r[^e]t, fr. L. interest it interests, is of interest, fr. interesse to be between, to be difference, to be importance; inter between + esse to be; cf. LL. interesse usury. See {Essence}.] [1913 Webster] 1.… …   The Collaborative International Dictionary of English

  • 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 — Interest, Versura, B. Prendre à interest, Versuram facere, B. ex Cic. Argent prins à interest, ou perte de finance, Circunforaneum aes. Tu y as interest, Ad te attinent, et tua refert. Il n y a point d interest, Non interest quid faciat morbum,… …   Thresor de la langue françoyse

  • interest — [in′trist, in′trəst, in′tər ist; ] also, esp. for v. [, in′tər est΄, in′trest΄] n. [ME interesse < ML usury, compensation (in L, to be between, be different, interest < inter , between + esse, to be: see IS1): altered, infl. by OFr interest …   English World dictionary

  • Interest — In ter*est, v. t. [imp. & p. p. {Interested}; p. pr. & vb. n. {Interesting}.] [From interess d, p. p. of the older form interess, fr. F. int[ e]resser, L. interesse. See {Interest}, n.] [1913 Webster] 1. To engage the attention of; to awaken… …   The Collaborative International Dictionary of English

  • interest — [n1] attraction, curiosity absorption, activity, affection, attentiveness, care, case, concern, concernment, consequence, diversion, engrossment, enthusiasm, excitement, game, hobby, importance, interestedness, into, leisure activity, matter,… …   New thesaurus

  • interest — ► NOUN 1) the state of wanting to know about something or someone. 2) the quality of exciting curiosity or holding the attention. 3) a subject about which one is concerned or enthusiastic. 4) money paid for the use of money lent. 5) a person s… …   English terms dictionary

  • Interest —   Interest is the charge or cost for using money; expressed as a rate per period, usually one year, called interest rate.   The reward for making funds available to a third party over a period of time, usually pre arranged …   International financial encyclopaedia

  • interest — is now normally pronounced in trist or in trest, with the first e unpronounced. The same applies to the derivative words interested, interesting, etc …   Modern English usage

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