Morbid interest definition
Morbid interest means diseased, dwelling on the gruesome, or sick.
Unpaid Interest means, on any Distribution Date with respect to any Class of Interests or Certificates (other than the Residual Certificates), the portion of Distributable Certificate Interest for such Class remaining unpaid as of the close of business on the preceding Distribution Date, plus one month's interest thereon at the applicable Pass-Through Rate.
Interest when used with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, means interest payable after Maturity.
Default Rate Interest is defined in Section 3.1(b)(ix) of this Agreement.
Compound Interest shall have the meaning set forth in Section 4.1.
Month End Interest As defined in each Servicing Agreement.