Usuryrefers to the practice or act of lending money at exorbitant rates of interest – sometimes the interest rate is illegally high. The adjective is ‘usurious’ as in: “That company lends money at usurious rates.” The adverb (rarely used) is ‘usuriously’, as in: “The money was l...
Usury is a problem as old as the history of mankind. Remember the judgment to which the first bankers were subjected, as discussed at length in Chap. 2 . In Europe different countries have a ceiling rate above which the loan is defined as a usurer. But there are no common rules. Curren...
Usury is a problem as old as the history of mankind. Remember the judgment to which the first bankers were subjected, as discussed at length in Chap. 2 . In Europe different countries have a ceiling rate above which the loan is defined as a usurer. But there are no common rules. ...
Nevada has no usury limits. Pennsylvania considers interest above 25% as criminal usury. New Jersey's general usury limit is 30% for individuals and 50% for corporations.1
(1) The undersigned is not a U.S. Person (as defined below) and is not an affiliate (as defined in Rule 501(b) under the Securities Act) of the Company and is not acquiring the Shares for the account or benefit of a U.S. Person. A U.S. Person means any one of the following...
“In 1818, the Bank suddenly began to tighten its requirements for new loans and to call in as many of the old loans as possible. The contraction of the money supply was justified to the public then exactly as it is justified today. It was necessary, they said, ‘to put the brakes on...
This essay argues that usury is a paradigmatic instance of the friend-enemy distinction as defined by Carl Schmitt and as such is primarily a political act. The article closes by analysing Schmitt's reading of Jesus' commandment to love enemies and suggests that after Christ, the friend-enemy ...