Usury

Definition

• The act or practice of lending money and charging the borrower interest at an exorbitant or illegally excessive rate.

Synonyms
Shylock, shark, loan shark, swindler

Related Terms and Acronyms

• Loan Shark — Definition,
  • A lender that provides loans at usuriously high interest rates, often ensuring repayment with the threat of force.
• Payday Loan — Definition,
  • A short-term loan with an extremely high interest rate.
• Predatory Lending (PL) — Acronym, Important,
  • Lending practices that are unfair, deceptive or fraudulent.
• Title Loan — Definition,
  • A loan that uses a car as collateral.
• Tort — Definition,
  • An act that causes harm or loss.
• Usurious Rate — Definition,
  • An interest rate that is unnecessarily high or well above legal rates. For example, sometimes intangible property taxes are applied to income from usurious rates.