annual rest


annual rest
Apart from a yearly vacation, the expression "annual rest" has a meaning in the law of interest. In charging compound interest to a fiduciary who otherwise will make a profit which a court of equity will not permit, the interest is computed annually at periods designated as annual rests, at which time the fiduciary is charged with interest and credited with his commissions as well as lawful disbursements during the year. 30 Am J Rev ed Int § 60.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • annual rest system — /ˌænjuəl rest ˌsɪstəm/ noun a system by which extra payments or overpayments made to reduce the amount borrowed on a mortgage are credited to the account only once a year …   Dictionary of banking and finance

  • annual rest basis — method of calculating interest rate of a loan per the balance still unpaid from the start of the year …   English contemporary dictionary

  • Rest — Rest, n. [AS. rest, r[ae]st, rest; akin to D. rust, G. rast. OHG. rasta, Dan. & Sw. rast rest, repose, Icel. r[ o]st the distance between two resting places, a mole, Goth. rasta a mile, also to Goth. razn house, Icel. rann, and perhaps to G. ruhe …   The Collaborative International Dictionary of English

  • Rest house — Rest Rest, n. [AS. rest, r[ae]st, rest; akin to D. rust, G. rast. OHG. rasta, Dan. & Sw. rast rest, repose, Icel. r[ o]st the distance between two resting places, a mole, Goth. rasta a mile, also to Goth. razn house, Icel. rann, and perhaps to G …   The Collaborative International Dictionary of English

  • Annual percentage rate — Parts of total cost and effective APR for a 12 month, 5% monthly interest, $100 loan paid off in equally sized monthly payments. The term annual percentage rate (APR), also called nominal APR, and the term effective APR, also called EAR,[1]… …   Wikipedia

  • rest-harrow — ground ground (ground), n. [OE. ground, grund, AS. grund; akin to D. grond, OS., G., Sw., & Dan. grund, Icel. grunnr bottom, Goth. grundus (in composition); perh. orig. meaning, dust, gravel, and if so perh. akin to E. grind.] 1. The surface of… …   The Collaborative International Dictionary of English

  • Annual growth cycle of grapevines — Grape vine and fruit The annual growth cycle of grapevines is the process that takes place in the vineyard each year, beginning with bud break in the spring and culminating in leaf fall in autumn followed by winter dormancy. From a winemaking… …   Wikipedia

  • To set one's rest — Rest Rest, n. [AS. rest, r[ae]st, rest; akin to D. rust, G. rast. OHG. rasta, Dan. & Sw. rast rest, repose, Icel. r[ o]st the distance between two resting places, a mole, Goth. rasta a mile, also to Goth. razn house, Icel. rann, and perhaps to G …   The Collaborative International Dictionary of English

  • To set up one's rest — Rest Rest, n. [AS. rest, r[ae]st, rest; akin to D. rust, G. rast. OHG. rasta, Dan. & Sw. rast rest, repose, Icel. r[ o]st the distance between two resting places, a mole, Goth. rasta a mile, also to Goth. razn house, Icel. rann, and perhaps to G …   The Collaborative International Dictionary of English

  • Diggers Rest, Victoria — Diggers Rest Victoria view from south east …   Wikipedia


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