Terms Used In Illinois Compiled Statutes > 725 ILCS 165
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC