Compound interest is the addition of interest to the principal sum
of a deposit or investment in other words, interest on interest.
entered October 8, 2014, as denied its motion, inter alia, to compel discovery and granted that branch of the plaintiff's cross motion which was for summary judgment on the complaint to the extent of awarding the plaintiff the principal sum
approximately 70%) but that the other Part 36 cost consequences in relation to obtaining costs on the indemnity basis, interest on costs and the principal sum
and the surcharge of 75,000 do not apply.
Beyond ensuring that the principal sum
is available in the Finance Service Reserve Account (FSRA) six months before repayment, half of the principal amount would have to be set aside nine months earlier.
It read: "Following negotiations and indeed contemplation of High Court proceedings we are now satisfied that the matter has been largely resolved with a recent commitment in writing from the licensed operator to pay out on the ticket to our client the principal sum
together with appropriate interest in due course when routine logistics are finalised.
First, the principal sum
that Mallya and his companies owe is around Rs 6,093 crore.
One key issue is that OWB conducted business as full traders and invoiced for the principal sum
plus their profit element.
It seems to me to be illogical to take the view that the whole of the principal sum
which was used to convert into cash by others for a commission remains in his hands.
29, representing the average closing price of Pharming shares over the last ten days prior to the closing date and a final payment on maturation (1 July 2019) of 9% of the principal sum
8 million), including management of the principal sum
amounting to 4 billion 67.
Kolkata: The independent commission setup by the West Bengal government to probe into the operations of the Saradha Group, and to receive complaints from its duped investors, will start paying investors the first tranche of the principal sum
starting next month.
BIHL said: "The Board wishes to inform the shareholders of the Company and potential investors that, on July 27, 2013, the company has entered into a loan agreement with U-Continent Holdings Limited, pursuant to which the Lender has made available to the Company a loan in the principal sum
of HK$20 million for up to 12 months at a monthly interest rate of 0.