The amount of interest a person has to pay can vary depending on the person or institution from which they borrow the money. For example, credit unions typically offer lower interest rates on loans than banks, according to the National Credit Union Administration. In addition, interest rates can vary depending on whether the borrower is considered low risk – more likely to be able to repay the loan on time – or high risk. This is usually evaluated based on the person`s credit score. (You can find interest in the Encyclopedia of Universal Law and the etimology of other terms). INTEREST, evidence. The enforcement that a person has in the case to decide and that is contested between the parties. The term benefit here refers to a financial or other benefit that, if obtained, would increase the estate, or a loss that would reduce it. 2. In principle, a party who has an interest in the case cannot be a witness. This issue should be considered by briefly examining the issue in dispute or the subject matter of the dispute which is the subject of interest; the amount of interest; the quality of interest; whether an interested witness can be heard; whether the interest must exist; how an interested witness can be made competent. 3.-1.

To be disqualified for reasons of interest, the witness must win or lose by case, or the verdict must be legal evidence for or against him in another proceeding, or the record must be evidence for or against him. 3 John. Case 83; 1 Phil. 36; Completely. Ev. Part 4, p. 744. But an interest in the question does not disqualify the witness. 1 Caines, 171; 4 John. 302; 5 John.

255; 1 Serg. & R. 82, 36; 6 binn. 266; 1 H. & M. 165, 168. 4.-2. The amount of interest is completely irrelevant, even liability for the least cost will suffice.

5 R. T. 174; 2 Vern. 317; 2 Green. 194; 11 John. 57. 5.-3. In terms of quality, the interest must be legal, as opposed to simple prejudices or prejudices arising from a relationship, friendship or any of the many reasons by which a witness may be influenced. Leach, 154; 2 St.

Tr. 334, 891; 2 falcons. Cap. 46, p. 25. It must be a present, safe, personal and not uncertain and contingent interest. Dougl. 134; 2 pp. Wms. 287; 3 p. and R. 132; 4 binn.

83; 2 Yeates, p. 200; 5 John. 256; 7 Fair 25. And it must have been purchased without fraud. 3 warehouses. 380; l M. and p. 9; 1 R.

T. 37. 6.-4. There are some exceptions to the general rule that interest renders a witness incapable. First. Although the witness may have an interest, but if his interest is equally strong on the other side, and no more, the witness is brought into a state of neutrality by a balance of interest, and the objection to his testimony ceases. 7 R. T. 480, 481, n.; 1 Bibb, r. 298; 2 Mass. R.

108; 2 pp. and R. 119; 6 Penn. St. Rep. 322. 7. Second. In some cases, the law permits the testimony of an interested party, out of extreme necessity of the case; For this reason, the servant of a merchant has the right to prove the delivery of goods and payment of money without release from the master. 4 R. T.

490; 2 lit. r. 27. 8.-5. The interest in challenging the witness must exist at the time of his examination. A statement made at a time when the witness had no interest may be interpreted as evidence, even if the witness subsequently acquired an interest. 1 Hoff. No. 21. 9.-6. The objection of lack of jurisdiction based on interest may be removed by removing that interest by a discharge either by the witness if he would benefit from his testimony, or by those entitled to it if his testimony would prove his responsibility. The objection can also be eliminated by payment.

Completely. Ev. Part 4, p. 757. See Benth. Jud`s justification. Ev. 628-692, in which he fought established legal doctrines concerning exclusion for reasons of interest; and balance. Online translation of the English legal term interest into Spanish: interés (English-Spanish translation). Learn more about the Legal Dictionary from English to Spanish online. Language that gives the Company the right to charge higher interest rates may be included in the Terms of Use.

Agreeing to receive financing at the interest rate assigned by the lender may outweigh the protection offered by a legal interest rate, which the customer later confirms whether or not they fully understand their rights. You can find more English-Spanish translations in the Pocket Spanish English Legal Dictionary (print and online), English-Spanish-English dictionaries (such as Interest) and the Word reference legal translator. Interest is a payment associated with borrowing or lending money. Generally, one party lends another party a sum of money called a loan. The receiving party is supposed to repay this initial sum – the so-called principal amount – as well as an additional amount. This additional amount is interest. Generally, the amount of interest a person must pay is determined by an interest rate, which is a percentage of the principal amount. As stated by the U.S. Securities and Exchange Commission, interest rates can be set, which means that the interest rate is fixed and does not change. For example, if the principal amount of a loan was $100,000 and the interest rate was 10%, the borrower is expected to repay the original $100,000 plus an additional $10,000. Interest rates can also be variable or “variable,” in which case they can change over time.

A general term for a person`s rights, claims or privileges over real or personal property. Compensation for the use of borrowed money. In the United States, each state is responsible for establishing its own interest laws. While these types of financial activities may fall under the Constitution`s trade clause, Congress has not traditionally focused on usury. The government considers the collection of interest payments by violent means to be a federal offence. There are two types of fundamental interests: legal and conventional. Legal interest is required by applicable state law as the highest legal interest that can be agreed or charged by law. The conventional interest rate is an interest rate set and agreed by the parties themselves without outside intervention. He must respect the interest rate provided by law in order to avoid criminal prosecution against the lender for violating usury laws. Traditional meaning of interest in English (with some legal use of this Latin concept in England and the United States in the nineteenth century) [1]: (in Latin) This is; He takes advantage of it. Interest reipublicae, it is of public importance, ne maleficia remaneant impunita, that crimes must not go unpunished; ne sua quis male utatur, let no one abuse his property; quod homines conserventur, so that people`s lives may be preserved; res judicata non rescindi, that things once convicted should not be annulled; suprema hominum testamenta rata haberi, that the last will of men be declared valid; UT Carceres Sint in Tuto that prisons are safe; ut finis sit litium that there should be an end to prosecution.