Origin of the word Usury
First known usage of this word dates back to 14th Century when it simply meant interest. It was also a time when charging of interest was banned by churches. Derived from the Latin word usuria, meaning interest, the word came to have its meaning when slowly the charging of interest was allowed by the law.
The Dictionary definitions for usury are as follows
1. Practice of lending money at an exorbitant rate.
2. An exorbitant amount or rate of interest, especially in excess of the legal rate.
3. Archaic (old) interest charged or paid on a loan
Master Tips to lean usury
Usury suddenly brings to mind a picture of king’s throne being usurped ( take, take over or seize) by his brother. Usury and ‘usur’ped being both illegal practices/not allowed by the law of the state can be correlated. In both the cases you are trying to take something that does not belong to you. Usury: you are trying to take money at rates higher than prescribed by the law.
Usury can be used in the following ways:
1. The landlord demanded usury from a poor farmer.
2. Usury is prohibited in accordance with the laws of the land.
3. Despite the ban on usury, it is still a very common and lucrative profession.