Usury is charging interest. I knew that when I was nine. The dictionary has modified it recently - to state that it must not be 'unreasonably high' interest. Tricksy, because who defines what amount is unreasonable? It is a squishy definition.
I argue that credit cards, that often top 20% interest, are userous.
My grandfather was very religious. He stuck to the maxim: "Neither a borrower, nor a lender be; For loan oft loses both itself and friend." - just to avoid usury.
who hear knows what "usury" is, without looking it up?
'here'
Usury is charging interest. I knew that when I was nine. The dictionary has modified it recently - to state that it must not be 'unreasonably high' interest. Tricksy, because who defines what amount is unreasonable? It is a squishy definition.
I argue that credit cards, that often top 20% interest, are userous.
I always understood it as charging interest on interest, as in interest on money you didn't actually lend.
My grandfather was very religious. He stuck to the maxim: "Neither a borrower, nor a lender be; For loan oft loses both itself and friend." - just to avoid usury.
Excellent notion.
Who here doesn't know what usury is, more like.
Me.
I didnt learn what usury was in school.
I used to assume “compound interest” was great, because i assumed i would be collecting it, not paying it.
I might be brain dead, but I do.