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Shylock did not charge interest on the loan. This was contrary to his usual practice, but he had an ulterior motive. Instead of an interest clause, he inserted a penalty clause which said that if Antonio defaulted on the loan, Shylock could take a pound of flesh from any part of his body he chose. Since default seemed unlikely, Antonio went along with this. (Shylock was up front about it; he didn't hide it in the small print) Shylock's hope was that Antonio would default and then Shylock would have a legal right to kill him.
Interest is payable in any event--when you repay, you repay the principal plus more. A penalty clause only comes into effect if you default.
What else can I help you with?
What is the name of money lender in the merchant of Venice?
Shylock.
What reason does Shylock give out loud for his hatred of Antonio?
Antonio was Christian and helped people with money without charging interest and deprived Shylock of his income as Shylock was shrew money lender.
What was the trial all about in merchant of Venice?
Antonio had not paid back the loan to Shylock on time, so Shylock was applying to the court for an order saying that Shylock was legally entitled to take a pound of Antonio's flesh as their agreement stated.
What was the character of Shylock in Act2 scene 3?
Shylock is a Jewish banker in "The Merchant of Venice." The character is often cited as an example of an anti-Semitic stereotype, and the nickname "Shylock" is often applied to loan sharks. During Shakespeare's time, Christians were barred from charging interest on loans, and Jews were barred from owning land, so Christian merchants often relied on Jews for a ready supply of cash for borrowing.
What does antonio have to sign in order for shylock to lend him the money?
Antonio must sign a bond agreeing to Shylock's terms, which stipulate that if he fails to repay the loan by the due date, he will forfeit a pound of his own flesh as collateral. This agreement highlights the risk and severity of the loan, reflecting Shylock's harsh and vengeful nature. The bond serves as a legal document binding Antonio to these conditions.
What are the terms of shylock's loan to antonio?
Shylock's loan to Antonio in Shakespeare's "The Merchant of Venice" is for 3,000 ducats, which Antonio agrees to repay within three months. In lieu of interest, Shylock demands a pound of Antonio's flesh as collateral, which serves as a harsh and significant condition of the loan. This arrangement reflects the animosity between the two characters and sets the stage for the play's dramatic conflict.
Why does antonio need a loan from shylock?
the reason why antonio need a loan from shylock was that he wanted to help his friend bassanio geting this girl name porsita
What is the name of money lender in the merchant of Venice?
Shylock.
What reason does Shylock give out loud for his hatred of Antonio?
Antonio was Christian and helped people with money without charging interest and deprived Shylock of his income as Shylock was shrew money lender.
What was the trial all about in merchant of Venice?
Antonio had not paid back the loan to Shylock on time, so Shylock was applying to the court for an order saying that Shylock was legally entitled to take a pound of Antonio's flesh as their agreement stated.
What is low interest loan?
The loan whose interest rate is low is called low interest loan. If you got a unsecured loan @ low interest rate then it would be low interest loan for you.
What was Shylock's occupation?
Shylock was a money-lender; in modern terms, the equivalent of a banker that gave loans.
How can you reduce interest on high interest loan?
Repay the loan with the funds raised from a lower interest loan.
What was the character of Shylock in Act2 scene 3?
Shylock is a Jewish banker in "The Merchant of Venice." The character is often cited as an example of an anti-Semitic stereotype, and the nickname "Shylock" is often applied to loan sharks. During Shakespeare's time, Christians were barred from charging interest on loans, and Jews were barred from owning land, so Christian merchants often relied on Jews for a ready supply of cash for borrowing.
How do you calculate accrued interest on a loan?
To calculate accrued interest on a loan, you multiply the loan amount by the interest rate and the time period the interest has been accruing for. This gives you the amount of interest that has accumulated on the loan.
How can I avoid paying interest on a loan?
To avoid paying interest on a loan, you can pay off the loan in full before the interest accrues or choose a loan with a 0 interest rate if available.
Why does antonio hate shylock in merchant of Venice?
Shylock is a Jew and as such has always been forced to live on the fringes of society. In effect he has an understandable chip on his shoulder. He is not looking for revenge he is just trying to outsmart him.
