Capitalisation of interest on short term loan “irreconcilable with what is right”
Christensen, Sharon A. (2012) Capitalisation of interest on short term loan “irreconcilable with what is right”. Australian Property Law Bulletin, 26(6), pp. 77-80.
Higher than usual rates of interest charged by lenders on short term loans is not of itself considered to be a penalty or evidence of unconscionable conduct. These types of lenders often charge higher rates to take account of increased losses from higher than usual defaults by borrowers.
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|Item Type:||Journal Article|
|Keywords:||loan interest, defaults on loans, short term loans|
|Subjects:||Australian and New Zealand Standard Research Classification > LAW AND LEGAL STUDIES (180000) > LAW (180100)|
|Divisions:||Current > QUT Faculties and Divisions > Faculty of Law
Current > Schools > School of Law
|Copyright Owner:||Copyright 2012 Lexis Nexis Butterworths|
|Deposited On:||01 Feb 2013 01:35|
|Last Modified:||13 Feb 2013 23:16|
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