Conventional interest
Black's Law Dictionary · Henry Campbell Black, M.A. · 1910
Black's Law Dictionary
interest at the rate agreed upon and fixed by the parties themselves, as distinguished from that which the law would prescribe in the absence of an explicit agreement.
Fowler v. Smith, 2 Cal. 568; Rev. St. Tex. 1895, art. 3099.
Defined under Interest in Black's Law Dictionary.