Who is a co-applicant? A co-applicant refers to a person who applies along with the borrower for a loan. This is done so that the income of the co-applicant can be used to supplement the borrowerâs income and increase his/her eligibility.
Here are some states' approaches to the question of awarding post-judgment interest: 1  California provides for a fixed interest rate of 10% per annum for postjudgment interest. 2  North Carolina applies a statutory rate of 8%.
Choice of rate. When court have discretion to choose the pre-judgment interest rate, many choose an interest rate equal to the defendant's cost of funds. Lost statutory rights. The methods for computing prejudgment interest may also inform how to value lost statutory rights.