Definition, Meaning & Synonyms
usure
noun
/ˈjuːʒər/
Definition
Usure refers to excessive or illegal interest charged on loans or borrowed money.
Examples
- The lender was accused of usure, as the interest rate was far above legal limits.
- Many believe that usure exploits those who are already in financial distress.
- Governments have laws to limit usure practices in order to protect consumers.
Meaning
The practice of charging high or unregulated interest rates on financial transactions.
Synonyms
- excessive interest
- loan sharking
- usury
