Juridical Dictionary

This dictionary contains:
8526
juridical terms

Compound interest




Compound interest

Interest allowed upon interest; for example, when a sum of money due for interest, is added to the principal, and then bears interest.

RELATED TERMS
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Interest
1) Estates. The right which a man has in a chattel real, and more particularly in a future term. It is a word of less efficacy and extent than estates, though, in legal understanding, an interest extends to estates, rights and titles which a man has in or out of lands, so that by a grant of his whole interest in land, a reversion as well as the fee simple shall pass. 2) Contracts. The right of property which a man has in a thing, commonly called insurable interest. 3) Evidence. The benefit which a person has in the matter about to be decided and which is in issue between the parties.

Example
An example is a case put to illustrate a. principle.

When
1) At which time, in wills, standing by itself unqualified and unexplained, this is a word of condition denoting the time at which the gift is to continence. 2) The context of a will may show that the word when is to be applied to the possession only, not to the vesting of a legacy; but to justify this construction, there must be circumstances, or other expressions in the will, showing such to have been the testator's intent.

Money
Gold, silver, and some other less precious metals, in the progress of civilization and commerce, have become the common standards of value; in order to avoid the delay and inconvenience of regulating their weight and quality whenever passed, the governments of the civilized world have caused them to be manufactured in certain portions, and marked with a Stamp which attests their value; this is called money.

Principal
1) This word has several meanings. It is used in opposition to accessary, to show the degree of crime committed by two persons; thus, we say, the principal is more guilty than the accessary after the fact. 2) Contracts. One who, being competent to contract, and who is sui juris, employs another to do any act for his own benefit, or on his own account. 3) Criminal law. A principal is one who is the actor in the commission of a crime.



SIMILAR TERMS
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Compact
Contracts. In its more general sense, it signifies an agreement. In its strict sense, it imports a contract between parties, which creates obligations and rights capable of being enforeed, and contemplated as such between the parties, in their distinct and independent characters.

Companion
Dom. rel. By Edw. III., it is declared to be high treason in any one who " doth compass or imagine the death of our lord the king, or our lady his companion".

Companions
French law. This is a general term, comprehending all persons who compose the crew of a ship or vessel.

Company
An association of a number of individuals for the purpose of carrying on some legitimate business.

Company seal
Traditionally a company executed deeds and other instruments, including share certificates under seal. This is a device for impressing the company's name onto a red seal attached to the document in a position where two directors or one director and the secretary can sign as witnesses. The mechanical seal is no longer necessary as a company seal.

Comparables
A shortened term for competitive property sales, rentals, or operating expenses used for comparison in the valuation process.

Comparative fault
A rule in admiralty law where each vessel involved in a collision is required to pay a share of the total damages in proportion to its percentage of fault.

Comparative impairment
Expanding on the theory of governmental interest analysis developed by Currie, Baxter, W.F. (supra) developed the theory of comparative impairment. This theory called upon the courts to determine which state's policies and interests would be more greatly impaired by the application of the other state's law to the case at hand and then to apply the law of the state likely to suffer the greater impairment.

Comparative negligence
A principle of tort law which looks at the negligence of the victim and which may lead to either a reduction of the award against the defendant, proportionate to the contribution of the victim's negligence, or which may even prevent an award altogether if the victim's negligence, when compared with the defendant, is equal to or greater in terms or contributing to the situation which caused the injury or damage.

Comparison of handwriting
Evidence. It is a general rule that comparison of hands is not admissible; but to this there are some exceptions. In some instances, when the antiquity of the writing makes it impossible for any living witness to swear that he ever saw the party write, comparison of handwriting, with documents known to be in his handwriting, has been admitted.

Compatibility
In speaking of public offices it is meant by this term to convey the idea that two of them may be held by the same person at the same time. It is the opposite of incompatibility.

Compensatio criminis
The compensation or set-off of one crime against another;

Compensation
1) Contracts. A reward for services rendered. 2) Crim. law; Compeusatio crimiuura, or recrimination. 3) Remedies. The damages recovered for an injury, or the violation of a contract.

Comperuit ad diem
Pleading. He appeared at the day. This is the name of a plea in bar to an action of debt on a bail-bond.

Competency
A witness's ability to observe, recall and recount under other what happened. Criminal defendants must also be competent to stand trial; they must understand the nature of the proceedings and have the ability to assist their lawyers.

Competent witness
One who is legally qualified to be heard to testify in a cause

Competitors
French law. Persons who compete or aspire to the same office, rank or employment.

Compilation
A literary production, composed of the works of others, and arranged in some methodical manner.

Complainant
One who makes a complaint. A plaintiff in a suit in chancery is so called.

Complaint
Criminal law. The allegation made to a proper officer, that some person, whether known or unknown, has been guilty of a designated offence, with an offer to prove the fact, and a request that the offender may be punished.

Compos mentis
Of sound mind.

Composition
Contracts. An agreement, made upon a sufficient consideration, between a debtor and creditor, by which the creditor accepts part of the debt due to him in satisfaction of the whole.

Compounder
In Louisiana. He who makes a composition.

Compounding a felony
The act of a party immediately aggrieved, who agrees with a thief or other felon that he will not prosecute him, on condition that he return to him the goods stolen, or who takes a reward not to prosecute.

Compromissarius
Civil law. A name sometimes given to an arbitrator.

Compulsion
The forcible inducement to au act.

Compulsory
Involuntarily; constrained: as, a compulsory -- arbitration, assignment, condition, nonsuit, payment, process.



PREVIOUS AND NEXT TERMS
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Compilation
A literary production, composed of the works of others, and arranged in some methodical manner.

Complainant
One who makes a complaint. A plaintiff in a suit in chancery is so called.

Complaint
Criminal law. The allegation made to a proper officer, that some person, whether known or unknown, has been guilty of a designated offence, with an offer to prove the fact, and a request that the offender may be punished.

Compos mentis
Of sound mind.

Composition
Contracts. An agreement, made upon a sufficient consideration, between a debtor and creditor, by which the creditor accepts part of the debt due to him in satisfaction of the whole.

Compound interest

Compounder
In Louisiana. He who makes a composition.

Compounding a felony
The act of a party immediately aggrieved, who agrees with a thief or other felon that he will not prosecute him, on condition that he return to him the goods stolen, or who takes a reward not to prosecute.

Compromissarius
Civil law. A name sometimes given to an arbitrator.

Compulsion
The forcible inducement to au act.

Compulsory
Involuntarily; constrained: as, a compulsory -- arbitration, assignment, condition, nonsuit, payment, process.

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This dictionary contains 8526 terms.







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