§15-264A. Interest defined.
28 words·~1 min read·
/ok/title-15-contracts/15-264a·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Interest is the compensation allowed for the use or forbearance or detention of money, or its equivalent. Laws 1970, c. 224, § 1, emerg. eff. April 15, 1970.