Wednesday, August 12, 2009

Usury is...

Usury is...
In law, the crime of charging an unlawfully high rate of interest. In Old English law, the taking of any compensation whatsoever was termed usury.

Random House - "3. Obsolete. interest paid for the use of money."

American Heritage - "3. Archaic. Interest charged or paid on a loan."

Mirriam Webster Dictionary of Law - "1 : the lending of money at exorbitant interest rates; specifically : the crime of charging or contracting to charge an unlawfully high rate of interest. 2 : a rate or amount of interest charged in usury"

Easton's 1897 Bible Dictionary - "the sum paid for the use of money, hence interest; not, as in the modern sense, exorbitant interest. The Jews were forbidden to exact usury (Lev. 25:36, 37), only, however, in their dealings with each other (Deut. 23:19, 20). The violation of this law was viewed as a great crime (Ps. 15:5; Prov. 28:8; Jer. 15:10)."

Roget's 21stC Thesaurus - "Usury - Synonyms: exploitation, stealing"

Exodus 20:1-3,22-23,17
1 And God spoke all these words: 2 "I am the LORD your God, who brought you out of Egypt, out of the land of slavery.
3 "You shall have no other gods before me.

22 Then the LORD said to Moses, "Tell the Israelites this: 'You have seen for yourselves that I have spoken to you from heaven: 23 Do not make any gods to be alongside me; do not make for yourselves gods of silver or gods of gold.

17 "You shall not covet your neighbor's house. You shall not covet your neighbor's wife, or his manservant or maidservant, his ox or donkey, or anything that belongs to your neighbor."

Habakkuk 2:5-7
5 indeed, wine betrays him; he is arrogant and never at rest. Because he is as greedy as the grave and like death is never satisfied, he gathers to himself all the nations and takes captive all the peoples.
6 "Will not all of them taunt him with ridicule and scorn, saying, 'Woe to him who piles up stolen goods and makes himself wealthy by extortion! How long must this go on?'

7 Will not your debtors suddenly arise? Will they not wake up and make you tremble? Then you will become their victim.

Exodus 20:16,15
16 "You shall not give false testimony against your neighbor.

15 "You shall not steal.

Nehemiah 5:10-11
10 I and my brothers and my men are also lending the people money and grain. But let the exacting of usury stop! 11 Give back to them immediately their fields, vineyards, olive groves and houses, and also the usury you are charging them—the hundredth part of the money, grain, new wine and oil."

(Nuff' said....... Mikey)
Mikey Huggs




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