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usury

play
noun usu·ry \ˈyü-zhə-rē, ˈyüzh-rē\

Simple Definition of usury

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

Source: Merriam-Webster's Learner's Dictionary

Full Definition of usury

plural usuries

  1. 1 archaic :  interest

  2. 2 :  the lending of money with an interest charge for its use; especially :  the lending of money at exorbitant interest rates

  3. 3 :  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


Law Dictionary

usury

play
noun usu·ry \ˈyü-zhə-rē\

Legal Definition of usury

  1. 1 :  the lending of money at exorbitant interest rates; specifically :  the crime of charging or contracting to charge an unlawfully high rate of interest

  2. 2 :  a rate or amount of interest charged in usury — compare legal interest at interest 5



Origin of usury

Medieval Latin usuria interest, lending at exorbitant interest, alteration of Latin usura use, interest (i.e., sum paid for use of money), from usus use


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