Usury

What Does Usury Mean?
The act of lending money at an interest rate higher than that permitted by law.

Investopedia explains Usury
This is an illegal practice. Different regions have prescribed interest rates that cannot be exceeded.

Related Terms

Federal Reserve System
Hyperinflation
Inflation
Interest Rate
Loan
Murabaha
Musawamah
Riba
Sukuk
Usance
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