Definition of CHINESE INTEREST


CHINESE INTEREST

Interest for money charged in China. In a case
where a note was given in China, payable eighteen months after date, without,
any stipulation respecting interest, the court allowed the Chinese interest
of one per cent. per month, from the expiration of the eighteen months.
2 Watts & Serg. 227, 264.

Source: Bouviers Law Dictionary 1856 Edition

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