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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] How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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By channeling funds through the SREs, local Communist Party officials can select which borrowers gain access to credit on what terms, and extract their share of the vigorish, but the effect on the financial soundness of Chinese banks is horrendous. His chief macher, Ted Stein banjaxed the airport's vigorish schmear, leaving Hahn tatterdemalion and his campaign shambollicked. Banks will lend only a decreasing portion of the purchase price, and so-called mezzanine lenders (which provide junior debt, compared to bank debt) want 25 percent annual vigorish, if you count equity kickers. |
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