Conventional interest
Defined in 1 dictionary — Black's (1910)
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
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.
Defined under Interest suit in Black's Law Dictionary.