lawful interest

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.

Mentioned in ?
References in periodicals archive ?
Such an agreement shall be valid only on the condition that the worker is at least 21 years of age at the time of its conclusion and that the agreement is limited, as regards the time, the place and the nature of the business, to the extent necessary to safeguard the employer's lawful interest".
(2) Provided that such agreement shall be valid unless it is limited in time, place and type of work to such extent as may be necessary to protect the lawful interest of the employer.
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."
The policy requires that all appropriated assets be advertised and offered for sale on the general market, except where this is in violation of the lawful interest of customers.
Imagine the opportunity: Hundreds of developing nations in the middle of the most financially stable G8 nation; communities with a lawful interest in their resource-rich territories; and communities that now have the tools necessary to start developing their local economies as the rest of the country has.
* to prohibit foreign NGOs from implementing projects without the aim of defending the constitutional system, morals, public health, rights and lawful interest of other people, guaranteeing defense capacity and security of the state.
Such agreement shall be valid only on condition that the worker is at least 21 years of age at the time of its conclusion and that the agreement is limited, as regards the time, the place and the nature of the business, to the extent necessary to safeguard the employer's lawful interest." Therefore, pursuant to the above article, the non-competition clause which the questioner has signed is invalid on the basis that, according to the above article, the worker shall be at least 21 years of age.
Such agreement shall be valid only on condition that the agreement is limited, as regards the time, the place and the nature of the business, to the extent necessary to safeguard the employer's lawful interest.
I have above my desk a note issued in 1802 by Daniel Waldo to my great-grandfather, Amasa Southwick, for the value of "Four hundred and Nine spanish milled Dollars and Fifty eight cents in Gold or Silver," redeemable "on Demand, with lawful Interest, in like money." Mr.
It puts the lie to the government's claims that it has studiously avoided prying into the private lives of Americans, in whom it has no intelligence-related or lawful interest. And this puts the lie to the government's contentions and the opinions of judges of the secret Foreign Intelligence Surveillance Court that the NSA's spying is somehow lawful, constitutional and helpful.
Bishkek mayor's office and Every Child signed cooperation agreement under which logistical, legal, methodological and other assistance will be provided to family and children support units, Children Commission, Rehabilitation Center for Homeless Children at Bishkek mayor's office, Children's Social Adaptation and Rehabilitation Center, Juvenile Adaptation and Rehabilitation Center of the Kyrgyz Ministry of Interior.The parties to the agreement will work to improve legislation of the Kyrgyz Republic regulating protection of rights and lawful interest of children in the Kyrgyz Republic.The join action plan was already developed until the end of the year.
Atletico de Madrid concluded their statement saying that they have already initiated the procedures it has deemed appropriate to protect their rights and lawful interests.