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Every State has Usury laws - meaning limits on interest rates charged

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Q: What if the term for illegal overcharging of interest?
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What are CD interest rates for US banks?

CD interest rates at US banks tend to vary depending on the specific term of the deposit. Some examples are a 19 month term for .5% interest, a 37 month term for .75% interest and a 59 month term for 1.24% interest.


Is it better to get a high interest short term loan or a low interest long term loan?

It depends on how long you need the loan for and how long it would take for you to complete the payment. But in general a low interest long term loan means a higher interest payment over the life of the loan where as a high interest short term loan means less amount of interest payment over the life of the loan.


What are the precautions of short and long term interest rates?

The precaution of short term interest rate is that the rate tends to be higher due to its term. Long term interest rate, on the other hand, tends to be lower, but since it will take a long time to pay off debt, in the long run, the accumulated interest rate becomes much more.


What does the term interest credit refer to?

The term interest credit refers to percentage of the credit that will be added as interest by the bank that issued a credit card. In this case, when the customer exceeds the allowed money limit, the bank will start taking interest on the exceeded credit.


How do interest rates affect investment?

When interest rates are high, investors will consider investing in short term investments, instead of long term investments. When interest rates are low, investors will consider investing in bonds because they are safer.

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Can interest be charged on child support interest?

No... this is illegal..(Federal).....no intrest can be charged on owed interest.


Is it a conflict of interest for a gay man to supervise his roommate?

The issue is a bit unclear as "supervise" is a widely applicable term. If it includes reading someones mail, monitoring phone calls, and so forth, it is not a conflict of interest, it is illegal.


Will overcharging cellphone cause electrical short circuit?

No, overcharging cellphone will not cause an electrical short circuit.


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What are CD interest rates for US banks?

CD interest rates at US banks tend to vary depending on the specific term of the deposit. Some examples are a 19 month term for .5% interest, a 37 month term for .75% interest and a 59 month term for 1.24% interest.


Discuss the relative volatility of short- and long-term interest rates?

short- and long-term interest rates usually move in the same direction. Yield curve is often upward, so, long-term interest rates are usually higher than short-term interest rates. short-term interest rates are often more fluctuating than long-term rates.


Can you charge interest on interest in the sate of MA Someone is sending me a bill with an interest charge on it and now theyre charging interest on the interest Is this possible or even legal?

no, its called usury and its illegal


What is the relationship between short term and long term interest rate?

A short term interest rate occurs over a short period of time. A long term interest rate occurs over a long period of time.


Does long term debt and short term portion of long term debt include interest?

No. Only the current amount of interest due and/or accrued is shown as Interest Payable under Current Liabilities.


Is interest receivable a long term or short term asset?

Interest receivable is normally a current asset as interest are normally collected within one fiscal year.


Is it better to get a high interest short term loan or a low interest long term loan?

It depends on how long you need the loan for and how long it would take for you to complete the payment. But in general a low interest long term loan means a higher interest payment over the life of the loan where as a high interest short term loan means less amount of interest payment over the life of the loan.