Tennessee Code 45-5-405 – Interest on judgments
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Terms Used In Tennessee Code 45-5-405
- Contract: A legal written agreement that becomes binding when signed.
- Interest: means compensation for the use, detention or forbearance to collect money over a period of time, and does not include compensation for other purposes, including, but not limited to:
(A) Time-price differentials. See Tennessee Code 45-5-102
When a judgment is based on a note or loan contract hereunder fixing a rate of interest within the limits provided herein, that judgment shall bear interest at the rate so fixed.