Usury

Definition

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

Synonyms
loan shark, shark, Shylock, 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.
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