California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 4 — Loan, Chapter 3 — Loan of Money, Section 1915
Section Nineteen Hundred and Fifteen. Interest is the compensation allowed by law or fixed by the parties for the use, or forbearance, or detention of money.
Notes
Defines interest as compensation allowed by law or fixed by the parties for the use, forbearance, or detention of money. Sets that definition by tying interest specifically to compensation for the use, forbearance, or detention of money, whether the compensation arises by operation of law or by agreement of the parties.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § [1915.] | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-4/chapter-3/section-1915