{"schemaVersion":1,"recordType":"legal-article","id":"law:eri:code:civil:2015:article:1940","workId":"law:eri:code:civil:2015","expressionId":"law:eri:code:civil:2015:en","title":"Compound Interest","number":"1940","language":"en","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/1940/","hierarchy":{"book":"BOOK VI - SPECIAL CONTRACTS","title":"TITLE I - CONTRACTS RELATING TO THE TRANSFER OF OWNERSHIP AND OTHER RIGHTS","chapter":"Chapter 3. - Loan of Money and Other Fungible Things","section":null,"paragraph":null},"paragraphs":[{"id":"p1","number":"1","text":"Unless otherwise agreed by traders, the lender and borrower may not agree in advance that interest owed over a period less than a year will be added to capital and itself produce interest.","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/1940/#p1","sourceTargets":[{"sourceId":"civil-code-2015-en","pdfPage":543,"url":"https://eriatlas.com/sources/civil-code-2015/page/543/?article=1940&paragraph=p1#article-1940-p1"}]},{"id":"p2","number":"2","text":"Nothing shall affect the rules for the calculation of compound interest on current accounts.","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/1940/#p2","sourceTargets":[{"sourceId":"civil-code-2015-en","pdfPage":543,"url":"https://eriatlas.com/sources/civil-code-2015/page/543/?article=1940&paragraph=p2#article-1940-p2"}]}],"caution":"This is the 2015 English-language edition attributed in its front matter to the Ministry of Justice. Eri Atlas has not independently verified the translation, later changes, or whether the text is currently in force. Nine passages are incomplete in the available scan and are identified where they occur."}