- Interest of a term. The interest which a lessee under a lease at common law has before he enters or takes possession of the land demised. (Litt. 2459; Co. Litt. 270a.) But a term limited to commence immediately by a bargain and sale or other conveyance operating under the Statute of Uses, passes an estate without the necessity of entry. (Wms. Real Prop. 396.) An interesse termini is merely the right to an 3. Property.-Interest, as applied to property, is used in a wide sense to include estates (legal and equitable), charges, easements, profits à prender, licenses, equities of redemption, and generally every right in respect of property which entitles, or may in future entitle, the holder to make use of it in some way, as opposed to bare powers, uses, authorities, possibilities, expectations, rights of presentation, and the like. (Co. Litt. 265b; 5 Co. 19a; Vin. Abr. Interest; Rolle Abr. Graunt.) Hence, "interest" is used in conveyances, &c., to denote every beneficial right in the property conveyed. Interest "extendeth to estates, rights and titles, that a man hath estate, and therefore can neither prevent of, in, to, or out of lands; for he is truly nor be the subject of merger. See Hyde v. Warden, 3 Ex. D. 72; Co. Litt. 338 a. INTERESSE TERMINI, (defined). 72 Mo. 542. INTEREST -Interest in Latin, (1)" It consaid to have an interest in them; and by the grant of totum interesse suum [all his interest) in such lands, as well reversions as possessions in fee-simple, shall passe." Co. Litt. 345 b. cerns;" (2) "it concerns beneficially." "is of advantage." (Dig. ii. 11 fr. 14; x. 4 fr. 19) Hence, its primary 24. In a narrower sense, interest is used meaning of "right." The word acquired its second meaning (infra, 18.) thus: In Koman law, when a as opposed to estate, and therefore deperson brought an action against his debtor for nonpayment of a sum of money he claimed, in addition to the debt, id quod interest creditoris solutum esse, г. е. the benefit which he lost by the non-payment (Dig xix. 1 fr. 1), and this was computed by calculating what profit he could have made by lending the money with a stipulation for the payment of & periodical sum for the use of it (usuræ, fœnus). Thus, the damages for the wrongful detention of money (interest, interesse) became equivalent to the agreed payment for a loan (usura, fanus). The word "interest" seema to have been introduced into England as a substitute for "usury" (q. v.) when that word had acquired its dyslogistic meaning. 1. In property. - In the most general sense of the word, a person is said to have an interest in a thing when he has rights, advantages, duties, liabilities, losses, or the like, connected with it, whether present or future, ascertained or potential; provided, that the connection, and in the case of notes rights in property not being estates, e. g. an interesse termini (q. v.) (Co. Litt. 345b); the quasi-reversion of a lord which entitles him to the land on an escheat or forfeiture (Watk. Desc. 2); the interest which the lord of a manor has in copyhold land, between a surrender by the old tenant and the admittance of the new (Mintonv. Kirwood, L. R. 1 Eq. 455); the interest of executors under a devise of land for the payment of debts (Co. Litt. 42a); interests resembling estates but not recognized as such by the common law, e. g. executory interests in land (see EXECUTORY INTEREST) and interests in personpotential rights and duties, the possibility, alty; these interests in personalty so is not too remote. The question of remoteclosely resemble estates that they are freness depends upon the purpose which the quently called estates; and the terms interest is to serve. "absolute," "limited," "vested," "contingent," "sole," "joint," &c., are applied to interests in the same senses in which they are applied to estates. See ESTATE; TEN-