Wiktionary
legal interest
n. (context banking finance English) The amount of interest that is allowed or required to be charged by law; an interest rate determined by law.
Usage examples of "legal interest".
She would then be of no legal interest to anyone, for whe would then be only a slave, only chattel.
She would then be of no legal interest to anyone, for she would then be only a slave, only chattel.
He took care not to exact more than six per cent openly, but it was generally understood that the borrower must pay a bonus besides to secure the loan, which, added to the legal interest, gave him a very handsome consideration for the use of his spare funds.