The Legal Definition of Bear interest

Legal Definition of Bear interest:  When making a loan, the lender usually asks that the money be augmented by the payment of interest. Thus, a loan of $1,000 may bear interest of six percent per annum, or sixty dollars per year | Learn about the legal definition of bear interest and how it impacts your business operations. Discover how interest is calculated, examples of bear interest, and why understanding it is crucial for financial planning, cost evaluation, and compliance. Navigate the world of loans and debts with confidence to ensure the success and stability of your business