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Centesima

Black's Law Dictionary · Henry Campbell Black, M.A. · 1910

Black's Law Dictionary

In Roman law. The hundredth part. Usuries centesim,œ. Twelve per cent, per annum; that is, a hundredth part of the principal was due each month,—the month being the unit of time from which theRomans reckoned interest.

2 Bl. Comm. 462, note.