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<p><unclear>nominally </unclear>(as we shall see) <unclear>& for </unclear><gap/> , <gap/><gap/><lb/> <gap/><gap/> most common: but instances of 2 1/2<lb/> <unclear>per cent </unclear> and <unclear>think </unclear> in <unclear>this </unclear><gap/>, <gap/>a nominal <lb/> | <p><unclear>nominally </unclear>(as we shall see) <unclear>& for </unclear><gap/> , <gap/><gap/><lb/> <gap/><gap/> most common: but instances of 2 1/2<lb/> <unclear>per cent </unclear> and <unclear>think </unclear> in <unclear>this </unclear><gap/>, <gap/>a nominal <lb/> | ||
rate <gap/> not <gap/>. The <gap/> <unclear>rate</unclear> <lb/> | rate <gap/> not <gap/>. The <gap/> <unclear>rate</unclear> <lb/> | ||
this much may be <gap/> <unclear>in </unclear> general <unclear>terms </unclear> — that <unclear>it</unclear><lb/> <del><gap/></del> is <unclear>in every instance conditionally left:</unclear> <lb/><gap/> by what <gap/> <unclear>amount </unclear> — <gap/> <gap/> <lb/><gap/> <gap/> of the circumstances by which it is <lb/>< | this much may be <gap/> <unclear>in </unclear> general <unclear>terms </unclear> — that <unclear>it</unclear><lb/> <del><gap/></del> is <unclear>in every instance conditionally left:</unclear> <lb/><gap/> by what <gap/> <unclear>amount </unclear> — <gap/> <gap/> <lb/><gap/> <gap/> of the circumstances by which it is <lb/><unclear>redeemed </unclear> — <unclear>it </unclear> is <unclear>improbable </unclear> to <gap/>. In <gap/> <lb/> instances when a <unclear>nominal 3 per cent is </unclear> <lb/>allowed, a <gap/> <unclear>has </unclear> 6 months to run with <lb/><gap/> any interest, before interest at that rate <lb/>is to be paid upon it: so that for the first <del>year</del> <lb/>6 months the <unclear>nominal </unclear>3 per cent amounts <lb/>to <unclear>nothing </unclear> and for <add>in <gap/> </add> twelve months it amounts <lb/>to no more than 11/2 per cent, <gap/> <gap/> <lb/>correctly <gap/> to so much. In <gap/> <lb/>instances the risk is <del><gap/></del> payable not on demand <lb/>but at a certain number of days — <lb/>say one and twenty — after <gap/>: so that <lb/> <gap/> the obligation of waiting one and twenty <lb/>days and upwards the advantage <gap/> <gap/> <lb/>of interest is <gap/> with the <gap/> of <gap/> <lb/> <gap/> — or <add>at any rate </add> of the <gap/> <unclear>is </unclear> performed <lb/>by <unclear>letter</unclear>, with <del><gap/></del> <gap/> and a <gap/> <lb/> <gap/>, with or without the <gap/> of <gap/> <lb/> <gap/>. | ||
</p> | </p> | ||
nominally (as we shall see) & for ,
most common: but instances of 2 1/2
per cent and think in this , a nominal
rate not . The rate
this much may be in general terms — that it
is in every instance conditionally left:
by what amount —
of the circumstances by which it is
redeemed — it is improbable to . In
instances when a nominal 3 per cent is
allowed, a has 6 months to run with
any interest, before interest at that rate
is to be paid upon it: so that for the first year
6 months the nominal 3 per cent amounts
to nothing and for in twelve months it amounts
to no more than 11/2 per cent,
correctly to so much. In
instances the risk is payable not on demand
but at a certain number of days —
say one and twenty — after : so that
the obligation of waiting one and twenty
days and upwards the advantage
of interest is with the of
— or at any rate of the is performed
by letter, with and a
, with or without the of
.
