Rest

In computing compound interest, the date to which interest is computed and then added to the principal is so called.

v. In the trial of an action, a party is said to "rest," or "rest his case," when he intimates that he has produced all the evidence he intends to offer at that stage, and submits the case, either finally or subject to his right to afterwards offer rebutting evidence.

A balancing of an account made for the purpose of adding interest to principal for further computation, and so for the compounding of interest

1, V. To rely upon, trust to the sufficiency of. " To rest a case," and for a party " to rest," is to adduce what is thought to be sufficient testimony to make out an apparent case in chief, or to rebut the adversary's prima facie case. 2, 11. (1) A pause made by an accountant in his entries, in order to strike a balance upon which to allow interest. Spoken of as annual and semi-annual rests; and made by an administrator, executor, guardian, or other trustee.' yC ■Farley v. Day, 26 N. H. 531 (1853), Gilchrist, C. J.; N. H. Rev. St. ch. 183, § 17. I" Tale College v. Eunkle, 10 Biss. 309 (1881), Drummond, J. » Hoole V. Klnkead, 16 Nev. 221 (1881), Leonard, C. J.; Nev. St. 1881, 59. * Bosker v. Wabash County, 88 Ind, 267 (1882). » Douglass V. Commonwealth, 108 Pa. 663 (1886), Mercur, C. J.; Commonwealth v. Mitchell, 82 Pa. 348 (1876); rindley v. City of Pittsburgh, ib. 353 (1876). See also (3) Peace, quiet. See Peace, 1; Sunday.

An account is said to be taken with annual or semiannual rests, when, at the end of the items for each year or half-year, the accountant pauses in his entries, and strikes a balance, upon which interest is allowed and charged; and at the next rest a new balance is ascertained, which likewise draws interest. In chancery, when the equities of a suit for an account are such that the defendant ought to pay interest, the obligation is enforced by the chancellor's directing the account to be taken with annual (or semiannual) rests.