FONDS PERDUS
\fˈɒndz pˈɜːdəs], \fˈɒndz pˈɜːdəs], \f_ˈɒ_n_d_z p_ˈɜː_d_ə_s]\
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In French law. A capital is said to be invested d fonds perduswhen it is stipulated that in consideration of the payment of an amount as interest,higher than the normal rate, the lender shall be repaid his capital in this manner. Theborrower, after having paid the interest during the period determined, is free as regardsthe capital itself. Arg. Fr. Merc. Law, 560.
By Henry Campbell Black
