What does usury mean?
Excessive or extortionate interest on a loan, or the practice of lending money at such interest rates. The practice of lending money at an interest rate considered to be excessively high.
Example
"The usury laws in the state prohibited lenders from charging more than 10% interest per annum."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.