interest rate ceiling is 12% per annum and a 12% loan is prepaid, collecting the full 12% for ashorter term would result in a usurious charge 1981:27] USURY 123 "Relating to Interest," wasonly half a page long and did not mention "usury."76 Rather, the law provided thatGraber, ...
The California Constitution sets the maximum rate of interest on a judgment awarded a plaintiff in any court in the state. It gives the legislature the right to set the interest rate as high as 10 percent a year, but sets the default rate – in case the legislature doesn't act – at 7...
Keynes was smirking when he said “…not one man in a million is able to diagnose.” He proposed to drive the interest rate to zero, to kill the investor. He counted on the investor not seeing his own death, because the investor is looking at the flip side of interest going to zero:...