Simple interest is interest that is calculated on an original sum of money and not also on interest which has previously been added to the sum. Compare compound interest. compound interest. Interest paid only on the original principal, not on the interest accrued. interest that is calculated on the sum of money that you first invested, and does not include the interest it has already earned compound interest
A defeasible fee created with clear durational language expressing a condition (e.g. "so long as", "until", "while") which causes ownership of a property to revest in a third party identified by the grantor if that condition comes about
(Kanun) The absolute, legal possession and ownership of land, property, or rights, including mineral rights. A fee interest can be sold (in its entirety or in part) or passed on to heirs or successors