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Usury is the correct term.

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Q: Practice of lending money for an exorbitant interest?
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Related questions

What is the practice of lending money for interest?

the practice of lending money is the practice of your moms vagina


What is the practice of lending money for interest known as?

usury


What is the practice of lending money with iniquitous rates?

The practice of lending money, with interest rates "above the lawful rate", is called usury.


What is usury?

Usury is a practice of lending money at unreasonably high interest rates.


What occupation does tom walker take?

Tom Walker is a greedy and unscrupulous man who works as a usurer, lending money at exorbitant rates of interest.


What is a lending investor?

A Lending Investor is a person who make a practice of lending money for themselves or others at interest and who are not organized under any specialized chartered law.


In medieval times the practice of Lending money for interest called?

usury Lending money for interest is a very old process. But now the way of doing this has changed. On internet you can find sites like www.yes-secure.com which allow you to lend your money to others via their site. These sites check for the credit and history of the borrowers and thier ability to repay the loans which you will lend to them. The practice of lending should be done with proper care as may loss your money.


Can you give me a sentence with the word exorbitant?

Loan sharks are people who charge exorbitant interest rates on the money they lend.


When did the christians start lending money with interest?

NEVER


What is the fee for lending money called?

The fee for lending money can refer to each of these: 1. Points. This is a term often used in mortgage lending. 2. Interest. This is most used for the cost of an unpaid loan.


How do banks earn a profit from lending money to their customers?

by charging interest rate


What is usury and how did it become a problem for the Jewish people?

Usury means lending money at interest. During the times of exile, Jews were sometimes given license to serve as moneylenders, while other ways of making a living were blocked to them. While their rates of interest charged were far from exorbitant, nonetheless this occupation led to some unfortunate stereotypes.