usurious


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usurious

adj. referring to the interest on a debt which exceeds the maximum interest rate allowed by law. (See: usury)

usurious

adjective criminal interest, excessive, extortionate, illegal, immoderate, improper rate of interest, inordinate, unconscionable, undue, unreasonable
See also: mercenary
References in periodicals archive ?
(19) In this manner, a national bank is not subject to any state action or remedy for the making of a usurious loan.
Although the proliferation of high-cost indebtedness is identified as a catalyst of increasingly common boom/bust cycles, Geisst's analysis often intermingles criticism of these other trends without distinguishing them from the issue of usurious lending.
"The Reserve Bank of India has advised Boards of banks to lay out appropriate internal principles and procedures so that usurious interest are not levied by them on loans and advances," Jaitley said.
heartbeat for every penny of my life--my death plus interest: usurious
However, the June 2013 law on Usurious Lending was a step backwards, as it will discourage lending to small or remote clients, the World Bank Regional Director stated.
The arbitral awards were issued in contradiction to Islamic Sharia and public policy in the UAE as it awarded usurious interests.
It can only be argued that the need for an increase in this type of usurious activity against the least able to afford it is again to subsidize imprudently priced secured auto loan lending and other amazingly low loan interest rates on signature credits to Alevel members.
? JUSTIN Welby, former Dean of Liverpool, now Bishop of Durham and Archbishop of Canterbury elect, last week in the House of Lords denounced, in no uncertain terms, the money lending outfits who offer wage advances at unscrupulous rates, and called for action to be taken to stop these usurious outfits burdening themselves on those unfortunate enough to do business with them.
In addition, Pyongyang is taking out usurious emergency loans from Asian, Russian and European banks.
As the Bishop of Durham said: "An interest rate of over 4,000% has been considered usurious since the time of Moses.
Concerns over higher interest rates and usurious and exploitative activities imposed by the conventional pawnshop means that many customers prefer to deal with the Ar-Rahnu scheme.
Leavenworth; Usurious LLC, Lance Nelson and Kristina Nelson applied for a domestic winery for Usurious Wines.