| 单词 | interest |
| 释义 | interest interest 1. a payment made by a borrower for the use of money, cal- culated as a percentage of the principal sum borrowed and payable by reference to the time that the loan is outstanding. Interest may be simple, where the amount payable is calculated on the sum borrowed only, or compound, where interest is added to the capital sum bor- rowed and itself earns interest.Interest on a loan taken out by a company is payable whether or not the company has earned any profits; in contrast, dividends are payable only out of profits earned. Interest on company loans is a deduction for CORPORATION TAX purposes. Dividend payments are not so deductible; indeed, such payments attract liability to advance corporation tax. 2. a right, title or estate to personal or real property. Section 1 of the Law of Property Act 1925 provides that the only estates in land capa- ble of subsisting and of being conveyed or created at law are an estate in FEE SIMPLE ABSOLUTE IN POSSESSION and a term of years absolute. The only interests in or over land capable of subsisting or of being con- veyed or created at law are an easement, right or privilege in or over land capable of existing for an interest equivalent to an estate in fee simple absolute in possession (i.e. in perpetuity) or a term of years absolute (i.e. for a fixed and determinate period) and a charge by way of legal mortgage. All other estates, interests and charges in or over land take effect as equitable interests. See INTEREST RELIEF. In Scotland a litigant must, as well as having TITLE to sue, have an interest to sue. |
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