noun usu·ry \ˈyü-zhə-rē, ˈyüzh-rē\

: the practice of lending money and requiring the borrower to pay a high amount of interest

plural usu·ries

Full Definition of USURY

archaic :  interest
:  the lending of money with an interest charge for its use; especially :  the lending of money at exorbitant interest rates
:  an unconscionable or exorbitant rate or amount of interest; specifically :  interest in excess of a legal rate charged to a borrower for the use of money

Origin of USURY

Middle English usurie, from Anglo-French, from Medieval Latin usuria, alteration of Latin usura, from usus, past participle of uti to use
First Known Use: 14th century

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer


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