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History of Dharmashastra (Ancient and Mediaeval Religious and Civil Law in India) v4.c63.559

History of Dharmaśāstra (Ancient and Mediaeval Religious and Civil Law in India) v4.c63.559

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English

v4.c63.559

adds two more varieties viz. *śikhāvṛddhi*⁶⁸⁰ (hair-like interest i. e. interest payable every day and so growing every day, just as the top-knot on one's head grows every day) and *bhogalābha* (profit by enjoyment i. e. making use of a house or taking the produce of a field in lieu of interest in the case of a mortgage). Gaut. (XII. 31-32) mentions the six, but instead of *bhogalābha* he uses the word '*ādhibhoga*', which is defined by Kāt. (501) as a transaction in which the complete enjoyment of the thing pledged or mortgaged is to be the interest. Kāt. (498-500) defines kāritā, śikhāvṛddhi and bhogalābha.

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