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
Word of the day
sir richard blackmore
- An English physician poet; born in Wiltshire about 1650; died 1729. Besides medical works, Scripture paraphrases, satirical verse, he wrote Popian couplets "Prince Arthur, a Heroic Poem"(1695), and voluminous religious epic, "The Creation"(1712), very successful much praised then, but not now read.