Deferred interest - atobaraisoku

Japanese: 後払利息 - あとばらいりそく

…Until now, there was no provision in law regarding deductions, and there were doubts regarding the material nature of a loan (the fact that, in addition to the agreement of the parties, the actual delivery of an item is required for a contract to be concluded) and the Interest Restriction Act. Case law has held that if the deduction of interest is within the limits of the Interest Restriction Act, as in the case of deferred interest, it gives the borrower the same economic benefit as cash transfer, and therefore a loan is concluded for the contracted principal amount. On the other hand, if it exceeds the limit, it does not give the borrower the same economic benefit as cash transfer, and therefore a loan is not concluded for the excess amount. Academic theory has opposed this case law, arguing that the problem is not with material nature but with excessive profits. …

From [Interest]

…
[Various forms of interest]
The forms of interest can be classified as follows, depending on the calculation method, payment method, etc. (1) Deferred interest This is the most common form. Deferred interest is calculated at the repayment date at a fixed rate on the principal amount (simple interest calculation) and is paid together with the principal or separately from the principal. …

*Some of the terminology explanations that refer to "deferred interest" are listed below.

Source | Heibonsha World Encyclopedia 2nd Edition | Information

Japanese:

…法律上，従来，天引きに関する定めがなく，消費貸借の要物性(契約成立のためには，当事者の合意のほかに，現実に物の引渡しなどを要すること)および利息制限法に関連して疑義があった。判例は，天引利息が利息制限法の制限内利率であれば，後払利息の場合と同様に，借主に〈現金授受と同一経済上の利益〉を与えるから，約定元本額について消費貸借が成立するものとし，他方，制限を超過する場合には，現金授受と同一経済上の利益を与えるものではないから，超過部分について消費貸借は成立しないとした。学説は，問題は要物性にあるのではなく暴利性にあるのだと判例に反対した。…