Usurious

Adjective describing a practice or behavior characterized by the illegal or unethical charging of excessively high interest rates on loans. The term 'usurious' derives from the practice of usury, which historically refers to the lending of money at interest rates considered abusive or exploitative. Such practices can lead to severe financial distress for borrowers, often trapping them in cycles of debt. In many jurisdictions, usurious lending is regulated or prohibited by law.

Usurious meaning with examples

• The small business owner found himself in a precarious situation when he was forced to consider a loan from a usurious lender who was offering rates that were far beyond what is legally permissible. He realized that the financial burden could jeopardize not only his business but also his personal finances, leading him to explore alternative funding sources.
• Despite the promises of quick cash and minimal paperwork, the contract with the usurious loan shark contained hidden fees and astronomical interest rates. It became clear that repayment was virtually impossible, shedding light on the predatory practices that often ensnare individuals facing financial difficulties.
• In many cultures, usurious practices are condemned for taking advantage of vulnerable populations, particularly those lacking financial literacy. Community organizations often provide resources and education to help individuals avoid entanglement with usurious lenders, fostering a healthier economic environment for local residents.
• Legislators have proposed stricter regulations to combat usurious lending in order to protect consumers from exploitative financial behaviors. Initiatives aimed at capping interest rates have gained traction, reflecting a growing awareness of the harmful effects of such practices on society.
• The film depicted the life of a family trapped in a cycle of debt, ultimately revealing how a charming and persuasive usurious lender led them to financial ruin. The story served as a cautionary tale about the dangers of unchecked lending practices and the ethical considerations of financial responsibility.