Usury

Usury Part 1

Usury I. usury: The fact or practice of lending money at interest; esp. in later use, the practice of charging, taking, or contracting to receive, excessive or illegal rates of interest for money on loan. II. There are three basic reasons for usury: A. The Reason of Time-Preference. 1. A man forfeits the use of his money for a period of time during which it is unavailable for expenditure or investment for profit. 2. Since present goods are more valuable to men than future goods, men discount future goo...

Usury Part 2

Usury I. usury: The fact or practice of lending money at interest; esp. in later use, the practice of charging, taking, or contracting to receive, excessive or illegal rates of interest for money on loan. II. There are three basic reasons for usury: A. The Reason of Time-Preference. 1. A man forfeits the use of his money for a period of time during which it is unavailable for expenditure or investment for profit. 2. Since present goods are more valuable to men than future goods, men discount future goo...

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