Grihya Sutras

SR No.: 007685
Original Sutra Author: N/A
Author: Hermann Oldenberg
Publisher: Oxford
Publication Year: 1886
Total Pages: 2642
Language: English
Classification: Book_English
File Size: 49 MB

Page 1977

XI, 11.
THE LAW OF DEBT.
321
sorts ; by others, it is stated to be fivefold; and by others again, it is said to be of six kinds. Learn their (various) qualities.
5. Kâyikå (bodily interest); kâlika (periodical interest); kakravriddhi (compound interest); kârità (stipulated interest); sikhâvriddhi (hair-interest); and bhogalábha interest by enjoyment) : such are the six kinds of interest.
6. Kayika interest is connected with bodily labour ; kâlikå is due every month; kakravriddhi is interest on interest; kâritá is interest promised by the borrower.
7, 8. When interest is received every day, it is termed sikhâvriddhi (hair-interest, because it grows every day). Because it grows constantly like hair, and does not cease growing except on the loss of the head, that is to say, on payment of the principal, therefore it is called hair-interest. The use of a (mortgaged) house, or the produce of a field, is termed bhogalábha (interest by enjoyment).
9. That kârità (stipulated) interest has to be paid always, which has been stipulated by the debtor himself, over and above (the ordinary rate of interest), and has been promised in times of distress.
10. When (such special) interest has been stipulated in any other manner, it must not be paid by any means.
11. Hair-interest, bodily interest, and interest by
6. 'Bodily labour,' when the milk of a pledged cow or the strength of a pledged animal for draught or burden is used by the creditor, being, as it were, the interest on his loan. Viram.
9, 10. Vîram. p. 295; Col. Dig. I, 2, 37 ( Kâtyâyana'). 10. In any other manner,' i.e. by the creditor. Vîram. 11. Viram. p. 301 ; Col. Dig. I, 2, 35.
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