Interest: The fee charged by a lender to a borrower for the use of borrowed money, usually expressed as an annual percentage of the principal; the rate is dependent upon the time value of money, the credit risk of the borrower, and the inflation rate. Here, interest per year divided by principal amount, expressed as a percentage. also called interest rate.

 

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Interest: The fee charged by a lender to a borrower for the use of borrowed money, usually expressed as an annual percentage of the principal; the rate is dependent upon the time value of money, the c . . . View Full Definition

Agency Coupled With An Interest: An agency relationship in which the agent is given an estate or interest in the subject of the agency (the property).

Mineral Interest: An ownership, lease, concession, or other contractual interest that gives a party the right to explore and extract mineral resources on a property.

Non-Operating Interest: A mineral lease interest that does not involve the rights and responsibilities of exploration, development, or production. A royalty interest is a non-operating interest.