usury

usury
usu·ry /'yü-zhə-rē/ n [Medieval Latin usuria interest, lending at exorbitant interest, alteration of Latin usura use, interest (i.e., sum paid for use of money), from usus use]
1: the lending of money at exorbitant interest rates; specif: the crime of charging or contracting to charge an unlawfully high rate of interest
2: a rate or amount of interest charged in usury compare legal interest at interest 5

Merriam-Webster’s Dictionary of Law. . 1996.

usury
I noun criminal rate of interest, excessive interest, excessive rate, exorbitant interest, exploitation, faeneratio, high interest, illegal interest, overcharge, unconscionable rate of interest II index exploitation

Burton's Legal Thesaurus. . 2006


usury
n.
Lending money at excessively high interest rates.
adj.
usurious

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


usury
the lending of money at very high rates. For centuries the law has controlled such lending and for century lenders and borrowers have conspired to transact with each other. Controls still exist in most jurisdictions. It may be treated as a crime and/or a ground for making the deal unenforceable to the detriment of the lender.

Collins dictionary of law. . 2001.


usury
Extending credit at an exorbitant or illegally high interest rate. States set their own maximum interest rates, and courts will not enforce payment of interest on a loan if the rate is usurious. Most credit card issuers are based in states with no usury laws or caps on credit card interest rates.
Category: Bankruptcy, Foreclosure & Debt → Debt & Collection Agencies

Nolo’s Plain-English Law Dictionary. . 2009.


usury
n.
1 Archaic Charging interest on borrowed money.
2 The charging of an illegally high rate of return, typical of a loan shark.
3 An illegally high interest rate.

Webster's New World Law Dictionary. . 2000.


usury
The crime of charging higher interest on a loan than the law permits.

Dictionary from West's Encyclopedia of American Law. 2005.


usury
I
The crime of charging higher interest on a loan than the law permits.
 II Extraction of interest on a loan above the maximum rate permitted by statute.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

usury
n.
   a rate of interest on a debt which is exorbitant and in excess of the percentage allowed by law. Each state sets its own maximum interest rate. Courts will not enforce payment of interest on a loan if the rate is usurious, so a loan may result in being interest free. Charging usury as a practice is a crime, usually only charged if a person makes a business of usury, sometimes called "loan-sharking." Banks and other commercial lenders generally are not subject to anti-usury laws, but are governed by the marketplace and the competitive rates triggered by loan rates to institutions set by the Federal Reserve Bank.
   See also: usurious

Law dictionary. . 2013.

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Synonyms:
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Look at other dictionaries:

  • Usury — (] In the 13th century Cardinal Hostiensis enumerated thirteen situations in which charging interest was not immoral. [cite journal | last = Roover | first = Raymond | title = The Scholastics, Usury, and Foreign Exchang | journal = Business… …   Wikipedia

  • Usury — U su*ry, n. [OE. usurie, usure, F. usure, L. usura use, usury, interest, fr. uti, p. p. usus, to use. See {Use}, v. t.] [1913 Webster] 1. A premium or increase paid, or stipulated to be paid, for a loan, as of money; interest. [Obs. or Archaic]… …   The Collaborative International Dictionary of English

  • Usury — • Defines the church s view on money lending Catholic Encyclopedia. Kevin Knight. 2006. Usury     Usury     † …   Catholic encyclopedia

  • usury — u‧su‧ry [ˈjuːʒəri] noun [uncountable] formal FINANCE when someone lends people money and makes them pay an unfairly high rate of interest usurer noun [countable] * * * usury UK US /ˈjuːzjʊri/ US  / ʒɚI/ noun [U] …   Financial and business terms

  • usury — c.1300, from M.L. usuria, from L. usura usury, interest, from usus, from stem of uti (see USE (Cf. use)). Originally the practice of lending money at interest, later, at excessive rates of interest …   Etymology dictionary

  • usury — Excessive or illegal interest rates. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • usury — ► NOUN ▪ the practice of lending money at unreasonably high rates of interest. ORIGIN Latin usura, from usus a use …   English terms dictionary

  • usury — [yo͞o′zhə rē] n. pl. usuries [ME usurie < ML usuria < L usura < usus: see USE] 1. the act or practice of lending money at interest, now specif., at a rate of interest that is excessive or unlawfully high 2. interest at such a high rate …   English World dictionary

  • USURY — Biblical Law SOURCES If thou lend money to any of My people, even to the poor with thee, thou shalt not be to him as a creditor (nosheh), neither shall ye lay upon him interest (Ex. 22:24). And if thy brother be waxen poor and his means fail with …   Encyclopedia of Judaism

  • usury — An unlawful contract upon the loan of money, to receive the same again with exorbitant increase. Lassman v Jacobson, 125 Minn 218, 146 NW 350. The exaction, or an agreement for the exaction, of a greater sum for the loan, use, or forbearance of… …   Ballentine's law dictionary

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