Louisiana Civil Code 2001 – Interest on interest
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Terms Used In Louisiana Civil Code 2001
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
Interest on accrued interest may be recovered as damages only when it is added to the principal by a new agreement of the parties made after the interest has accrued.
Acts 1984, No. 331, §1, eff. Jan. 1, 1985.