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Usury |
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usury: see interest interest, charge for the use of credit or money, usually figured as a percentage of the principal and computed annually. Simple interest is computed annually on the principal.
..... Click the link for more information. . usuryIn law, the crime of charging an unlawfully high rate of interest. In Old English law, the taking of any compensation whatsoever was termed usury. With the expansion of trade in the 13th century, the demand for credit increased, necessitating a modification in the definition of the term. In 1545 England fixed a legal maximum interest, a practice later followed by other Western nations. Usury Fledgeby cowardly and deceitful moneylender. [Br. Lit.: Our Mutual Friend] extorting moneylender. [Br. Lit.: Nicholas Nickleby] loaned gold for huge interest rates and sexual favors. [Gk. Lit.: The Golden Ass] avaricious and ungentlemanly moneylender. [Br. Lit.: Nicholas Nickleby] shrewd, avaricious moneylender. [Br. Lit.: Merchant of Venice] Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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No references found | Now money-making, as we say, being twofold, it may be applied to two purposes, the service of the house or retail trade; of which the first is necessary and commendable, the other justly censurable; for it has not its origin in [1258b] nature, but by it men gain from each other; for usury is most reasonably detested, as it is increasing our fortune by money itself, and not employing it for the purpose it was originally intended, namely exchange. I guess Jim could take care of their silver and old usury notes as well as you could. This is a kind of usury, banker, that I do not understand. |
Usury |
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