baking powder Baking powder is a mixture of one or more acidic salts and baking soda, an alkali. These two compounds react when they get wet and release carbon dioxide gas bubbles. These, in turn, cause baked goods to rise. Baking powder is perishable.
An Illinois Court held that the Illinois statutory rate of 9% interest is to be applied to the amounts due on a mortgage loan after foreclosure judgment is entered and before the foreclosure sale is confirmed.
Statutory interest is the interest which the court assumes can be added to an unpaid debt where there is not a formal agreement which defines what interest will be charged. If statutory interest applies it is charged at 8% per year. There are many debts where statutory interest cannot be added once a CCJ is in place.