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lawful interest

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lawful interest

The maximum interest rate allowed by law.Any amount higher is called usury and is illegal.Contrast with legal rate of interest, which is the amount set by state law when the parties fail to establish a contractual rate.



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The Parliament of Kyrgyzstan today approved the bill on amendments to the Law on Electronic Digital Signature, which aims to ensure protection of rights, obligations and lawful interests of stakeholders in transmission of electronic documents, protection of information during its creation, processing, transmission, receipt, storage and other purposes.
Waldo, a prominent merchant and money lender, and signed an IOU, promising to pay "One hundred and ninety Spanish Milled dollars on Demand with lawful interest in like Money after thirty days.
Spokeswoman Jiang Yu said: "We have always protected the personal safety and lawful interests of all foreign nationals in China.
 
 
 
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