Vocabulary Word
Word: usury
Definition: lending money at illegal high rates of interest
Definition: lending money at illegal high rates of interest
Sentences Containing 'usury'
Pilots bore a mortal hatred to these craft; and it was returned with usury.
This is a kind of usury, banker, that I do not understand.''
This prohibition, however, like all others of the same kind, is said to have produced no effect, and probably rather increased than diminished the evil of usury.
As the profits which can afford such an interest must eat up almost the whole rent of the landlord, so such enormous usury must in its turn eat up the greater part of those profits.
Before the fall of the Roman republic, a usury of the same kind seems to have been common in the provinces, under the ruinous administration of their proconsuls.
To borrow or to lend for such a purpose, therefore, is, in all cases, where gross usury is out of the question, contrary to the interest of both parties; and though it no doubt happens sometimes, that people do both the one and the other, yet, from the regard that all men have for their own interest, we may be assured, that it cannot happen so very frequently as we are sometimes apt to imagine.
This regulation, instead of preventing, has been found from experience to increase the evil of usury.
The debtor being obliged to pay, not only for the use of the money, but for the risk which his creditor runs by accepting a compensation for that use, he is obliged, if one may say so, to insure his creditor from the penalties of usury.
To trade, was disgraceful to a gentleman; and to lend money at interest, which at that time was considered as usury, and prohibited bylaw, would have been still more so.
From the provisions of the penal code, magistrates could either derive principles of civil law either directly, if a matter was in stated in the penal code such as matters regarding such as that regarding debt and usury, dealings with land, the borrowing and pledging of property, and the sale of goods in markets, or indirectly reading into a criminal statute a basis for a private civil suit.
He is the author of "Usury explain'd: or conscience quieted in the case of Putting out Mony at interest. By Philopenes."
They were allowed to charge 20 per cent interest on loans, but the amount of interest was not to exceed the capital.
In case a Jew practised usury, the community was not held responsible.
Usury is a different form of abuse, where the lender charges excessive interest. In different time periods and cultures the acceptable interest rate has varied, from no interest at all to unlimited interest rates.
The peasants, burdened under the opium monopoly and the usury by money lenders, rose again in revolt. Numerous "raiz mels" decided against paying the taxes.
Bernardino of Siena against gambling and usury resounded.
The Cortes of Madrid and that of Valladolid (1405) mainly busied themselves with complaints against the Jews, so that Henry III found it necessary to prohibit the latter from practising usury and to limit the commercial intercourse between Jews and Christians; he also reduced by one-half the claims held by Jewish creditors against Christians.
The term was sometimes used in a derogatory sense and some were accused of usury.
Christianity and Judaism generally ban usury, but allow usury towards heretics.