usury

American  

[yoo-zhuh-ree] / ˈyu ʒə ri /

noun

plural

usuries

1. the lending or practice of lending money at an exorbitant interest.

2. an exorbitant amount or rate of interest, especially in excess of the legal rate.

3. Obsolete. interest paid for the use of money.

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usury British  

/ ˈjuːʒərɪ, juːˈʒʊərɪəs /

noun

1. the act or practice of loaning money at an exorbitant rate of interest

2. an exorbitant or unlawfully high amount or rate of interest

3. obsolete moneylending

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usury Cultural  

1. The practice of charging more than the legal interest rate.

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Other Word Forms

• usurious adjective

Etymology

Origin of usury

1275–1325; Middle English usurie < Medieval Latin ūsūria (compare Latin ūsūra ), equivalent to Latin ūs ( us ) ( use ) + -ūr ( a ) -ure + -ia -y ³

Example Sentences

States with usury caps still have functioning financial systems.

From Los Angeles Times

That’s why your credit card may be “issued” by a bank subsidiary in Utah, South Dakota or Delaware, which have lax usury limits.

From Los Angeles Times

Other pages on his site appear to criticise "fiat money" - commonly used currencies as opposed to gold and digital tokens like Bitcoin - and usury, the charging of interest on loans.

From BBC

You can read injunctions against usury in the Vedic texts of ancient India, in the sutras of Buddhism and in the Torah.

From New York Times

The regulators said Credit Acceptance "sets consumers up to fail" by charging exorbitant interest rates averaging 22% and entering arrangements with dealers that mask the true cost of borrowing and sometimes violate state usury laws.

From Reuters