close
    what is usury

    0  Views: 323 Answers: 1 Posted: 14 years ago

    1 Answer

    Usury is the practice of making loans with excessive or abusive interest rates. The term may be used in a moral sense — condemning taking advantage of others' misfortunes — or in a legal sense where interest rates may be regulated by law. Historically, some cultures (e.g. Muslims) have regarded charging any interest for loans as sinful and some still do today.
    Some of the earliest known condemnations of usury come from the Vedic texts of India. Similar condemnations are found in religious texts from Buddhism, Judaism, Christianity, and Islam (the term is riba in Arabic and ribbit in Hebrew). At times many nations from ancient China to ancient Greece to ancient Rome have outlawed loans with any interest. Though the Roman Empire eventually allowed loans with carefully restricted interest rates, in medieval Europe, the Christian church banned the charging of interest at any rate (as well as charging a fee for the use of money,such as at a bureau de change).


    http://en.wikipedia.org/wiki/Usury



    Top contributors in Other - Business & Finance category

     
    ROMOS
    Answers: 101 / Questions: 0
    Karma: 5025
     
    country bumpkin
    Answers: 62 / Questions: 1
    Karma: 3795
     
    Colleen
    Answers: 190 / Questions: 0
    Karma: 3405
     
    Benthere
    Answers: 4 / Questions: 0
    Karma: 3300
    > Top contributors chart

    Unanswered Questions

    B52 Club
    Answers: 0 Views: 8 Rating: 0
    Trang Chủ Tải App LC79
    Answers: 0 Views: 13 Rating: 0
    cadobongda2026com
    Answers: 0 Views: 13 Rating: 0
    ae888bid1
    Answers: 0 Views: 12 Rating: 0
    ae888bid1
    Answers: 0 Views: 8 Rating: 0
    Game bài
    Answers: 0 Views: 15 Rating: 0
    sdqwq
    Answers: 0 Views: 12 Rating: 0
    > More questions...
    552432
    questions
    778750
    answers
    912170
    users