Legal Definition and Related Resources of Usury
Meaning of Usury
Originally the term meant interest charged on any loan, but in course of time it has come to mean interest over and above what is allowable by statutes or interest that is excessive.
Usury Alternative Definition
An Illegal profit required and received by a lender of a sum of money from the borrower; something exacted for the use of money in excess of and in addition to the interest allowed by law; a loan or forbearance of money for a greater rate of interest than that allowed by law. 234 111. 229. Originally, the word was applied to all interest reserved for the use of money, and in the early ages, taking such interest was not allowed.
International Trade Meaning and Definition of Usury
The practice of charging or paying exorbitant interest on a loan or other transaction. Note: in Islamic societies, charging or receiving any amount of interest is considered usury.
Usury Legal Definition
Charging more interest than the law allows.
Synonyms of Usury
noun
- criminal rate of interest
- excessive interest
- excessive rate
- exorbitant interest
- exploitation
- faeneratio
- high interest
- illegal interest
- overcharge
- unconscionable rate of interest
Related Entries of Usury in the Encyclopedia of Law Project
Browse or run a search for Usury in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Usury in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Usury in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
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| Usury in the Dictionary | Usury in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Usury |
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| Related topics | Usury in the World Encyclopedia of Law |
Notice
This definition of Usury is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
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Meaning of Usury in the U.S. Legal System
Definition of Usury published by the National Association for Court Management: Charging a higher interest rate or higher fees than the law allows.
Concept of Usury in the context of Real Property
A short definition of Usury: Charging an illegal rate or amount of interest on a loan.
Concept of Usury in the context of Real Property
A short definition of Usury: Charging an illegal rate or amount of interest on a loan.
Usury
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