An example of usury is an interest rate of 30%, when normal rates are at 15%.
- the act or practice of lending money at interest, now specif., at a rate of interest that is excessive or unlawfully high
- interest at such a high rate
Origin of usuryMiddle English usurie ; from Medieval Latin usuria ; from Classical Latin usura ; from usus: see use
- The practice of lending money and charging the borrower interest, especially at an exorbitant or illegally high rate.
- An excessive or illegally high rate of interest charged on borrowed money.
- Archaic Interest charged or paid on a loan.
Origin of usuryMiddle English, from Medieval Latin &umacron;s&umacron;ria, alteration of Latin &umacron;s&umacron;ra, from &umacron;sus, use; see usual.
(countable and uncountable, plural usuries)
usury - Investment & Finance Definition
Charging interest rates that are higher than the rate allowed under the law.
usury - Legal Definition
- Charging interest on borrowed money.
- The charging of an illegally high rate of return, typical of a loan shark.
- An illegally high interest rate.