chinese interest

1 definition found

chinese interest - Bouvier's Law Dictionary, Revised 6th Ed (1856) :

  CHINESE INTEREST. Interest for money charged in China. In a case where a 
  note was given in China, payable eighteen mouths after date, without, any 
  stipulation respecting interest, the court allowed the Chinese interest of 
  one per cent. per month, from the expiration of the eighteen months. 2 Watts 
  & Serg. 227, 264.