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usury

noun

usu·​ry ˈyü-zhə-rē How to pronounce usury (audio)
ˈyüzh-rē
plural usuries
1
: the lending of money with an interest charge for its use
especially : the lending of money at exorbitant interest rates
2
: an unconscionable or exorbitant rate or amount of interest
specifically : interest in excess of a legal rate charged to a borrower for the use of money
3
archaic : interest

Example Sentences

Recent Examples on the Web Stefanowski’s last full-time job was as the chief executive of DFC Global, a payday loan company whose high-interest loans are barred by Connecticut’s usury laws. Mark Pazniokas, Hartford Courant, 21 June 2022 Delaware wasted no time in trashing its usury law as well. Los Angeles Times, 30 July 2021 One, as previously noted, is the conflict between the religious prohibition of usury and its economic necessity. Dan Hofstadter, WSJ, 25 June 2021 EasyPay gets around the Massachusetts usury law by being affiliated with a bank headquartered outside the state, which cuts off the state’s authority to regulate it. BostonGlobe.com, 25 June 2021 The bill passed by Congress would allow state attorneys general to investigate whether the affiliations of lenders with banks is for the purpose of evading state usury laws. BostonGlobe.com, 25 June 2021 If the loan is made in the name of the bank, but the nonbank lender provides the capital, assumes the risks, and takes over ownership of the loan after it is consummated, courts have allowed enforcement of state usury laws. BostonGlobe.com, 23 May 2021 But with the help of her brother’s historical research, her reporting may put a stop to some of the worst usury on the Strip. John Domini, Los Angeles Times, 2 Apr. 2021 Democrats say the rule is actually meant to let those firms evade state usury laws and rate caps by partnering with banks that are subject to looser federal lending rules. Sabrina Eaton, cleveland, 29 Mar. 2021 See More

Word History

Etymology

Middle English usurie, from Anglo-French, from Medieval Latin usuria, alteration of Latin usura, from usus, past participle of uti to use

First Known Use

14th century, in the meaning defined at sense 3

Time Traveler
The first known use of usury was in the 14th century

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