Define usury. usury synonyms, usury pronunciation, usury translation, English dictionary definition of usury. n. pl. u·su·ries 1. The practice of lending money and charging the borrower interest, especially at an exorbitant or illegally high rate. 2. A
- 1, 1745, which condemned the practice of charging interest on loans as usury. Because the encyclical was addressed to the bishops of Italy, it is generally...- interest, since such activities were equated with the sin of usury. Jewish law disallowed usury among Jews, but not when the ...
usury law Usury Law Any law restrictingbanks,credit cards, and financial services companies from charging an excessive amount ininterest. In 1978, the U.S. Supreme Court held that a company may charge the legalinterest ratein the state in which it is registered, regardless of where theborrower...
USURPATION, torts. The unlawful assumption of the use of property which belongs to another; an interruption or the disturbing a man in his right and possession. Toml. Law Dict. h.t. 2. According to Lord Coke, there are two kinds of usurpation. 1. When a stranger, without right, prese...
Usury may be a moral or legal term: Moral:it is used to condemn individuals who take advantage of other people’s misfortunes. Legal:where interest rates are regulated by law, it is used when a lender is charging more than the legal limit. ...
The concept of usurymay be an interesting academic topic, but regrettably it has little relevance in consumer lending. There are countless wayslenderssidestep the law. Each state sets regulations surrounding loans. Most lending institutions, whether mortgage banks, auto finance companies, or credit car...
[Obs.] If thou lend money to any of my people that is poor by thee, thou shalt not be to him as a usurer, neither shalt thou lay upon him usury. --Ex. xxii. 25. 2. One who lends money at a rate of interest beyond that established by law; one who exacts an exorbitant rate ...
Usury The crime of charging higher interest on a loan than the law permits. State laws set the maximum amount of interest that can be charged for a loan of money. A lender that charges higher than the maximum amount of interest is guilty of the crime of usury. In addition, courts may...
In the Old Testament stood various texts condemning usury -- the term usury meaning any taking of interest: the law of Moses, while it allowed usury in dealing with strangers, forbade it in dealing with Jews. A History of the warfare of Science with Theology in Christendom 1896 Watching the...
Usury is the act of lending money at an interest rate that is considered unreasonably high or that is higher than the rate permitted by law.