Sunday, November 5

Usurer Meaning and Definition

A "usurer" is a person or entity that lends money at an exorbitantly high rate of interest, often to the point of taking advantage of the borrower's financial distress or vulnerability. Usury typically involves lending money at interest rates well above the legal limits or industry standards, which can lead to severe financial hardship for the borrower.

Usury has been historically condemned and regulated by laws in various cultures and societies due to the potential for exploitation and harm to borrowers. These laws aim to protect individuals from unscrupulous lenders who charge excessively high interest rates.

It's important to note that the term "usurer" carries a negative connotation and is associated with unethical or predatory lending practices. Laws and regulations exist in many countries to combat such practices and protect consumers from usurious loans.

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BHORE COMMITTEE (1946)

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