What is a sentence for usury?

What is a sentence for usury?

Usury sentence example. Meantime much evil arises from usury in the poorer districts. Restrictions on their occupations were everywhere common, and as the Church forbade Christians to engage in usury , this was the only trade open to the Jews.

How do you use the word usury?

Usury in a Sentence 🔉

1. Although Jim did not want to pay the interest rate attached to the loan shark’s usury, he needed money to pay for his kid’s surgery.
2. Rick refused the loan offer because the terms outdid usury and forced him to pay a sixty percent interest rate on the loan.

Is Usuries a word?

u·su·ry. 1. The practice of lending money and charging the borrower interest, especially at an exorbitant or illegally high rate.

Who were called as usurers?

1. usurer – someone who lends money at excessive rates of interest. loan shark, moneylender, shylock.

What does usury mean in real estate?

Usury is the act of lending money at an interest rate that is considered unreasonably high or that is higher than the rate permitted by law.

Is usury and interest the same?

Interest refers to the fee a lender charges when she allows your business to borrow money. Usury refers to interest that is higher than the maximum rate that the state allows lenders to charge.

Is charging interest illegal?

Usury is the act of lending money at an interest rate that is considered unreasonably high or that is higher than the rate permitted by law. Over time it evolved to mean charging excess interest, but in some religions and parts of the world charging any interest is considered illegal.

What does the term secularize mean?

transitive verb. 1 : to make secular. 2 : to transfer from ecclesiastical to civil or lay use, possession, or control. 3 : to convert to or imbue with secularism.

What’s Ussery?

1 : the lending of money with an interest charge for its use especially : the lending of money at exorbitant interest rates. 2 : an unconscionable or exorbitant rate or amount of interest specifically : interest in excess of a legal rate charged to a borrower for the use of money.

What interest rate is illegal?

The law says that lenders cannot charge more than 16 percent interest rate on loans. Unfortunately, some lending companies owned by or affiliated with vehicle makers have devised schemes whereby you are charged interest at rates exceeding the maximum permitted by law. This is called usury.

What is usurer in English?

: one that lends money especially at an exorbitant rate.