A Few Thoughts on Usury First, it’s necessary to define usury, which is not synonymous with either “loan” or “interest”, although unsurprisingly, the modern definition has been corrupted and is incorrect. The American Heritage defines it thusly: 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. Interest charged or paid on a loan.
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