Abstract
The author first tries to define the concept of debt arrears, and after that its consequences. The author dedicates further presentation to interest, its historical origin and definition of its basic types through the analysis of the laws by which it is regulated, and with special emphasis on the Law on default interest. The author tries to point out the legal gaps in the laws, analyse the existing solutions in practice, but also offers some new solutions that could be useful in the application of the institute of interest. Also, the institute of default interest will be analysed within our legal system through a calculation that extends from the appearance of the law that regulated default interest until today.
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