Difference between revisions of "Usury"
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| − | '''Usury''' ( | + | '''Usury''' (from the [[W:Medieval Latin|Medieval Latin]] ''usuria'', "interest" or "excessive interest"<!--OED-->, from [[W:Latin|Latin]] ''usura'' "interest") was defined originally as charging a fee for the use of money. This usually meant [[W:interest|interest]] on [[W:loan|loan]]s, although charging a fee for changing money (as at a [[W:bureau de change|bureau de change]]) is included in the original meaning. After moderate-interest loans were made more easily available usury became an accepted part of the business world in the [[W:early modern age|early modern age]]. Today, the word has come to refer to the charging of unreasonable or relatively high rates of interest. |
==See also== | ==See also== | ||
Revision as of 01:54, 19 September 2007
Usury (from the Medieval Latin usuria, "interest" or "excessive interest", from Latin usura "interest") was defined originally as charging a fee for the use of money. This usually meant interest on loans, although charging a fee for changing money (as at a bureau de change) is included in the original meaning. After moderate-interest loans were made more easily available usury became an accepted part of the business world in the early modern age. Today, the word has come to refer to the charging of unreasonable or relatively high rates of interest.
