|
Usury
Usury () is the practice of making loans that are seen as unfairly enriching the lender. The term may be used in a moral sense—condemning taking advantage of others' misfortunes—or in a legal sense, where an interest rate is charged in excess of the maximum rate that is allowed by law. A loan may be considered usurious because of excessive or abusive interest rates or other factors defined by the laws of a state. Someone who practices usury can be called a ''usurer'', but in modern colloquial English may be called a ''loan shark''. In many historical societies including ancient Christian, Jewish, and Islamic societies, usury meant the charging of interest of any kind, and was considered wrong, or was made illegal. During the Sutra period in India (7th to 2nd centuries BC) there were laws prohibiting the highest castes from practicing usury. Similar condemnations are found in religious texts from Buddhism, Judaism ('' ribbit'' in Hebrew), Christianity, and Islam (''rib ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Riba
''Riba'' (, or , ) is an Arabic word used in Islamic law and roughly translated as " usury": unjust, exploitative gains made in trade or business. ''Riba'' is mentioned and condemned in several different verses in the Qur'an3:130 and most commonl 2:275-2:280 . It is also mentioned in many '''' (reports of the life of [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loans And Interest In Judaism
The subject of loans and interest in Judaism has a long and complex history. In the Hebrew Bible, the Book of Ezekiel classifies the charging of interest among the worst sins, denouncing it as an abomination and metaphorically portraying usury, usurers as people who have shed the debtor, borrower's blood. (See Ezekiel 18:13 and 18:17.) The Talmud dwells on Ezekiel's condemnation of charging interest. The Torah and Talmud encourage loan, lending money without interest. But the ''halakha'' (Jewish law) that prescribes interest-free loans applies to loans made to other Jews, however not exclusively. Rabbi Isaac Abarbanel, however, declared that the acceptance of interest from non-Jews does not apply to Christians or Muslims, as their faith systems are also Abrahamic religions, Abrahamic and therefore share a common ethical basis. The Biblical Hebrew terms for interest are ''neshekh'' (), literally meaning ''a bite'', and ''marbit'' or ''tarbit'' (), which refers to the creditor, lende ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loan Shark
A loan shark is a person who offers loans at Usury, extremely high or illegal interest rates, has strict terms of debt collection, collection, and generally operates criminal, outside the law, often using the threat of violence or other illegal, aggressive, and Extortion, extortionate actions when seeking to enforce the satisfaction of the debt. As a consistent or repeated illegal business operation or "racketeering, racket", loansharking is generally associated with organized crime and certain criminal organizations. Description Because loan sharks operate mostly illegally, they cannot use the legal system to collect such debts, thus they often resort to enforcing repayment by terms of blackmail and threats of violence. Historically, many moneylenders skirted between legal and Crime, criminal activity. In the recent western world, loan sharks have been a prominent feature of the organized crime, criminal underworld. Loan sharking is not to be confused with predatory lending wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interest
In finance and economics, interest is payment from a debtor or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay to the lender or some third party. It is also distinct from dividend which is paid by a company to its shareholders (owners) from its profit (economics), profit or Reserve (accounting), reserve, but not at a particular rate decided beforehand, rather on a pro rata basis as a share in the reward gained by risk taking entrepreneurs when the revenue earned exceeds the total costs. For example, a customer would usually pay interest to debt, borrow from a bank, so they pay the bank an amount which is more than the amount they borrowed; or a customer may earn interest on their savings, and so they may withdraw more than they originally deposited. In the case of savings, the customer is the lender, and the ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aquinas
Thomas Aquinas ( ; ; – 7 March 1274) was an Italian Dominican Order, Dominican friar and Catholic priest, priest, the foremost Scholasticism, Scholastic thinker, as well as one of the most influential philosophers and theologians in the Western tradition. A Doctor of the Church, he was from the county of Aquino, Italy, Aquino in the Kingdom of Sicily. Thomas was a proponent of natural theology and the father of a school of thought (encompassing both theology and philosophy) known as Thomism. Central to his thought was the doctrine of natural law, which he argued was accessible to Reason, human reason and grounded in the very nature of human beings, providing a basis for understanding individual rights and Moral duty, moral duties. He argued that God is the source of the light of natural reason and the light of faith. He embraced several ideas put forward by Aristotle and attempted to synthesize Aristotelianism, Aristotelian philosophy with the principles of Christianity. A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interest Rate Ceiling
An interest rate ceiling (also known as an interest rate cap) is a regulatory measure that prevents banks or other financial institutions from charging more than a certain rate of interest. Interest rate caps and their impact on financial inclusion Research was conducted after Zambia reopened an old debate on a lending rate ceiling for banks and other financial institutions. The issue originally came to the fore during the financial liberalisations of the 1990s and again as microfinance increased in prominence with the award of the Nobel Peace Prize to Muhammad Yunus and Grameen Bank in 2006. It was over the appropriateness of regulatory intervention to limit the charging of rates that are deemed, by policymakers, to be excessively high. A 2013 research paper asked * Where are interest rate caps currently used, and where have they been used historically? * What have been the impacts of interest rate caps, particularly on expanding access to financial services? * What are the alt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loan
In finance, a loan is the tender of money by one party to another with an agreement to pay it back. The recipient, or borrower, incurs a debt and is usually required to pay interest for the use of the money. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower. The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice, any material object might be lent. Acting as a provider of loans is one of the main activities of financial institutions such as banks ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cato The Elder
Marcus Porcius Cato (, ; 234–149 BC), also known as Cato the Censor (), the Elder and the Wise, was a Roman soldier, Roman Senate, senator, and Roman historiography, historian known for his conservatism and opposition to Hellenization. He was the first to history of history#Roman world, write history in Latin with his ''Origines'', a now fragmentary work on the history of Rome. His work ''De agri cultura'', a treatise on agriculture, rituals, and recipes, is the oldest extant prose written in the Latin language. His epithet "Elder" distinguishes him from his great-grandson Senator Cato the Younger, who opposed Julius Caesar. He came from an ancient Plebs, plebeian family who were noted for their Roman army, military service. Like his forefathers, Cato was devoted to Roman agriculture, agriculture when not serving in the army. Having attracted the attention of Lucius Valerius Flaccus (consul 195 BC), Lucius Valerius Flaccus, he was brought to Rome. He was successively milita ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Muhammad
Muhammad (8 June 632 CE) was an Arab religious and political leader and the founder of Islam. Muhammad in Islam, According to Islam, he was a prophet who was divinely inspired to preach and confirm the tawhid, monotheistic teachings of Adam in Islam, Adam, Noah in Islam, Noah, Abraham in Islam, Abraham, Moses in Islam, Moses, Jesus in Islam, Jesus, and other Prophets and messengers in Islam, prophets. He is believed to be the Seal of the Prophets in Islam, and along with the Quran, his teachings and Sunnah, normative examples form the basis for Islamic religious belief. Muhammad was born in Mecca to the aristocratic Banu Hashim clan of the Quraysh. He was the son of Abdullah ibn Abd al-Muttalib and Amina bint Wahb. His father, Abdullah, the son of tribal leader Abd al-Muttalib ibn Hashim, died around the time Muhammad was born. His mother Amina died when he was six, leaving Muhammad an orphan. He was raised under the care of his grandfather, Abd al-Muttalib, and paternal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aristotle
Aristotle (; 384–322 BC) was an Ancient Greek philosophy, Ancient Greek philosopher and polymath. His writings cover a broad range of subjects spanning the natural sciences, philosophy, linguistics, economics, politics, psychology, and the arts. As the founder of the Peripatetic school of philosophy in the Lyceum (classical), Lyceum in Athens, he began the wider Aristotelianism, Aristotelian tradition that followed, which set the groundwork for the development of modern science. Little is known about Aristotle's life. He was born in the city of Stagira (ancient city), Stagira in northern Greece during the Classical Greece, Classical period. His father, Nicomachus (father of Aristotle), Nicomachus, died when Aristotle was a child, and he was brought up by a guardian. At around eighteen years old, he joined Plato's Platonic Academy, Academy in Athens and remained there until the age of thirty seven (). Shortly after Plato died, Aristotle left Athens and, at the request ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cicero
Marcus Tullius Cicero ( ; ; 3 January 106 BC – 7 December 43 BC) was a Roman statesman, lawyer, scholar, philosopher, orator, writer and Academic skeptic, who tried to uphold optimate principles during the political crises that led to the establishment of the Roman Empire. His extensive writings include treatises on rhetoric, philosophy and politics. He is considered one of Rome's greatest orators and prose stylists and the innovator of what became known as "Ciceronian rhetoric". Cicero was educated in Rome and in Greece. He came from a wealthy municipal family of the Roman equestrian order, and served as consul in 63 BC. He greatly influenced both ancient and modern reception of the Latin language. A substantial part of his work has survived, and he was admired by both ancient and modern authors alike. Cicero adapted the arguments of the chief schools of Hellenistic philosophy in Latin and coined a large portion of Latin philosophical vocabulary via ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
