Usura

Legal Definition and Related Resources of Usura

Meaning of Usura

(Lat. from usus, use). In the civil law. Money given for the use of money; interest. Dig. 50. 16. 121. Commonly used in the plural, usurae. Dig. 22. 1. Usura centesima, usurae centesimae or usurae asses, twelve per cent, per annum, or one per cent, monthly. The highest rate of interest allowed before the time of Justinian. 2 Bl. Comm. 462, and note (m); Halifax, Anal. bk. 2, c. 15, No. 6; Calv. Lex. Uaurae deunaes, eleven per cent. 2 Bl. Comm. ubi supra. Uaurae dextances, ten per cent. Id. Ueurae dodrantes, nine per cent. Id. Uaurae besses, eight per cent. Id. Usurae aeptunces, seven per cent. Id. Uaurae aemisses, six per cent. Id. Uaurae guincunees, five per cent. Id. Uaurae guadrantes, four per cent. This was the rate established by Justinian. Id. Uaurae trientea, three per cent. Id. Uaurae aextancea, two per cent. Id. Uaurae unciae, one per cent. Id.

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This definition of Usura is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.

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Concept of “Usura”

Traditional meaning of usura in English (with some legal use of this latin concept in England and the United States in the XIX Century) [1]: (in Latin) Interest; usury. Usura manifesta: open usury as distinct from veleta, veiled usury, or dry exchange, where the interest was added to the principal of the bond given for the loan. Usura maritima: maritime interest: see FOENUS NAUTICUM.

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Notes and References

  1. Based on A Concise Law Dictionary of Words, Phrases and Maxims, “Usura”, Boston: Little, Brown, and Company, 1911, United States. It is also called the Stimson’s Law dictionary. This term and/or definition may be absolete.

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