- Published on
KembaraXtra – Legal Terms – Interest
In land law, an interest refers to a legal or equitable right in or over land. These interests include estates such as freehold and leasehold, as well as rights like easements and mortgages. Interests determine how land may be used, transferred, or enjoyed.
More generally, interest also refers to the cost of borrowing money or the return on lending it. In financial and tax law, interest represents compensation for the use or retention of money over time and is subject to specific legal and statutory treatment.
0 Comments