The word 'usury' is correct and usable in written English.
Usury is the act of lending money at an exorbitant or unlawful rate of interest. Example sentence: The bank was charged with usury for charging an excessively high interest rate on the loan.
When the banks are borrowing at 2% and lending to payday lenders at 7%, which lend to the poor at 5,500%, the bishops are right to call this usury and to say that it is wrong.
Other edits by lobbyists range from a computer in the offices of payday lender Wonga deleting references to "usury" from its entry, to a computer registered to the American multinational Dow Chemical repeatedly attempting to remove a large section from the company's profile detailing "controversies".
The term was 29 years, and the loans were described as compere or purchases to evade the church's usury laws.
Since the usury cap was an amendment to the state's constitution, only a statewide referendum or federal legislation, which would override the state's constitution, can abolish it.
Yet even with the tax break, Texarkana, Arkansas, still cannot compete with Texas because of the usury law.And that is unlikely to change any time soon.
Aristotle argued that an inert commodity like silver, which did not bear fruit, should not carry interest.The concept of usury (an excessive interest rate) was developed by the Catholic Church, although the parable of the talents implies that money should be set to work.
In case you don't want to read the piece (though you should, of course), these products comply with the Muslim prohibition of usury by not paying or charging interest.
Interest payments on debt are often regarded as an onerous burden placed on the poor; interest is seen as an unjustified reward for capital, a concept that goes back to Aristotle and is implicit in the Christian idea of usury.
In a speech to announce Libya's liberation, Mr Abdel Jalil said the country's laws would be based on sharia, that "usury" would be banned and polygamy allowed.
