Non-usurious

Describing financial practices, interest rates, or loan terms that are not excessive or exploitative. It refers to lending and borrowing agreements that are fair, reasonable, and do not impose an exorbitant burden on the borrower. The term emphasizes ethical financial conduct, avoiding practices that take undue advantage of someone's financial vulnerability. A non-usurious arrangement respects the borrower's ability to repay and contributes to a healthy financial relationship, fostering trust and promoting responsible financial management. This principle is often enshrined in law and considered a cornerstone of fair economic systems. It contrasts sharply with usurious practices, which exploit individuals through excessive interest and fees.

Non-usurious meaning with examples

• The microfinance institution offered a non-usurious loan, allowing small business owners in the community to access capital at a reasonable interest rate. This approach fostered economic growth rather than trapping borrowers in a cycle of debt. The terms were designed to be accessible and sustainable for the recipients, empowering them to build their businesses.
• A key selling point of the credit union was its commitment to non-usurious interest rates on mortgages, offering customers a significantly better deal than predatory lenders. This commitment created loyalty, attracting those wary of exploitative practices and helping them achieve home ownership within their means.
• The government introduced regulations to ensure that all payday loan companies operated with non-usurious practices, setting a cap on interest rates to protect vulnerable individuals. These measures aimed to prevent people from falling victim to excessive charges that could worsen their financial situations. The legislation aimed to support responsible lending.
• Ethical investors prioritize companies that engage in non-usurious business practices, showing that lending can align with social responsibility. They seek to support institutions that offer fair terms and promote long-term financial well-being, rather than prioritizing short-term profit at the expense of the borrower.