Centesima
Defined in 3 dictionaries — Ballentine's (1916), Black's (1910), Burrill (1850)
Ballentine's Law Dictionary
James A. Ballentine · 1916
One hundredth.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
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.
A New Law Dictionary and Glossary
Alexander M. Burrill · 1850
Lat. [from centum, a hundred.] In the Roman law. One per cent, monthly, or twelve per cent, per annum. In calculating the rate of interest, the Romans divided the principal sum into an hundred parts, one of which they allowed to be taken monthly; and this, which was the highest rate of interest permitted, they called usurae centesimae, amounting yearly to twelve per cent. 2 Bl. Com. 462, note (m).