The meaning of this term, as applied to interest, is not an undertaking to pay interest at the end of one year only, but to pay interest at the end of each and every year during a period of time, either fixed or contingent. Sparhawk v. Wills, 6 Gray (Mass.) 164; Patterson v. McNceley, 16 Ohio St. 348; Westfield v. Westfield, 19 S. O. 89.
Definition of Annually
Advertisement
Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
-
Black's Law Dictionary: 2nd Edition