Bible Dictionaries
Legal Interest
1910 New Catholic Dictionary
(Latin: inter, between; esse, to be)
The price or rate of premium per unit of time that is paid by a borrower for the use of what he borrows; specifically, a rate per cent of money paid for the use of money; also the money so paid. Excessive interest is a sin against justice, unlawful, and illegal.
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Bibliography Information
Entry for 'Legal Interest'. 1910 New Catholic Dictionary. https://www.studylight.org/dictionaries/eng/ncd/l/legal-interest.html. 1910.