Dismiss Notice
Join Physics Forums Today!
The friendliest, high quality science and math community on the planet! Everyone who loves science is here!


  1. Sep 21, 2004 #1
    Could someone explain to me what is the deal with the usury or interest on loans stuff?Some people claim that it is immoral to claim usury(interests)on loans, while others have no problem with that.
    If we had no usury in our day to day banking in what way would our lives and economy be different?
  2. jcsd
  3. Sep 21, 2004 #2
    If I understood what an usury is I would answer but I don't. Sorry.

    The Bob (2004 ©)
  4. Sep 21, 2004 #3
    From my understanding:

    Usury is excessive interest on a loan. ie, companies are only allowed (by law) to charge so much interest on a loan otherwise it constitutes usury, which is illegal.
  5. Sep 21, 2004 #4


    User Avatar
    Staff Emeritus
    Gold Member
    Dearly Missed

    Usury originally meant ANY interest on loans; both the Jewish and Christian scripture advise making loans with no interest. Later loopholes were found, and usury came to be defined as excessive interest, with the excessivity to be determined by statute.
Know someone interested in this topic? Share this thread via Reddit, Google+, Twitter, or Facebook

Have something to add?