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Interest
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In finance and economics, interest is payment from a debtor or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate. It
A bank sign in Malawi listing the interest rates for deposit accounts at the institution and the base rate for lending money to its customers
A bank sign in Malawi listing the interest rates for deposit accounts at the institution and the base rate for lending money to its customers
Of Usury, from Brant's Stultifera Navis (the Ship of Fools); woodcut attributed to Albrecht Dürer
Of Usury, from Brant's Stultifera Navis (the Ship of Fools); woodcut attributed to Albrecht Dürer
Usury
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Usury is the practice of making loans that are seen as unfairly enriching the lender. The term may be used in a moral sense—condemning taking advantage of others' misfortunes—or in a legal sense, wher
Interest
…The argument that acquired seeds and animals could reproduce themselves was used to justify interest, but ancient Jewish religious prohibitions against usury (נשך NeSheKh) represented a "different view". The first written evidence of compound interest dates roughly 2400 BC. The annual interest rate was roughly…
Christ Drives the Usurers Out of the Temple, a woodcut by Lucas Cranach the Elder in Passionary of Christ and Antichrist
Christ Drives the Usurers Out of the Temple, a woodcut by Lucas Cranach the Elder in Passionary of Christ and Antichrist
St. Bernardino of Siena, treatise on contracts and usury (Tractatus de contractis et usuris), manuscript, 15th century
St. Bernardino of Siena, treatise on contracts and usury (Tractatus de contractis et usuris), manuscript, 15th century
Magna Carta commands, "If any one has taken anything, whether much or little, by way of loan from Jews, and if he dies before that debt is paid, the d
Magna Carta commands, "If any one has taken anything, whether much or little, by way of loan from Jews, and if he dies before that debt is paid, the debt shall not carry usury so long as the heir is under age, from whomsoever he may hold. And if that debt falls into our hands, we will take only the principal contained in the note."