Zoeken
01
the act of loaning money to others and demanding a very high interest rate
Example
Sarah realized she had fallen victim to usury when the interest on her loan doubled in just a month.
Traditional moneylenders in rural areas often engage in usury, taking advantage of people's lack of knowledge.
02
the charging of unreasonably high or illegal interest rates on loans
Example
Many ancient laws forbade usury to ensure fair lending practices.
Consumer protection agencies warn against payday lenders known for practicing usury.
