MLchartDataset catalogue

Usury

Term · Law · MLC-T-LAW-005120

The practice of lending money at an interest rate that is excessively high or above the maximum legal rate permitted by law. Laws against usury are designed to protect borrowers from predatory lending practices. The specific legal limits for interest rates vary significantly by jurisdiction and type of loan.

Table 1. Record
IdentifierMLC-T-LAW-005120
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-005120",
  "term": "Usury",
  "field": "Law",
  "definition": "The practice of lending money at an interest rate that is excessively high or above the maximum legal rate permitted by law. Laws against usury are designed to protect borrowers from predatory lending practices. The specific legal limits for interest rates vary significantly by jurisdiction and type of loan.",
  "url": "https://mlchart.com/terminology/law/usury/"
}

Record 5,242 of 5,439 in Law terminology (MLC-0107). Request the full dataset.