Loans And Interest In Judaism
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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 usurers as people who have shed the borrower's blood. The Talmud dwells on Ezekiel's condemnation of charging interest. The Torah and Talmud encourage 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 and therefore share a common ethical basis. The biblical Hebrew terms for interest are ''neshekh'' ( he, נשך), literally meaning ''a bite'', and ''marbit'' or ''tarbit'' (), which refers to the lender's profit. ''Neshekh'' refers to interest deducted in advance from the ...
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Hebrew Bible
The Hebrew Bible or Tanakh (;"Tanach"
''Random House Webster's Unabridged Dictionary''.
Hebrew: ''Tānāḵh''), also known in Hebrew as Miqra (; Hebrew: ''Mīqrā''), is the Biblical canon, canonical collection of Hebrew language, Hebrew scriptures, including the Torah, the Nevi'im, and the Ketuvim. Different branches of Judaism and Samaritanism have maintained different versions of the canon, including the 3rd-century Septuagint text used by Second-Temple Judaism, the Syriac language Peshitta, the Samaritan Torah, the Dead Sea Scrolls, and most recently the 10th century medieval Masoretic Text, Masoretic text created by the Masoretes currently used in modern Rabbinic Judaism. The terms "Hebrew Bible" or "Hebrew Canon" are frequently confused with the Masoretic text, however, this is a medieval version and one of several ...
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Mishnah
The Mishnah or the Mishna (; he, מִשְׁנָה, "study by repetition", from the verb ''shanah'' , or "to study and review", also "secondary") is the first major written collection of the Jewish oral traditions which is known as the Oral Torah. It is also the first major work of rabbinic literature. The Mishnah was redacted by Judah ha-Nasi probably in Beit Shearim or Sepphoris at the beginning of the 3rd century CE in a time when, according to the Talmud, the persecution of the Jews and the passage of time raised the possibility that the details of the oral traditions of the Pharisees from the Second Temple period (516 BCE – 70 CE) would be forgotten. Most of the Mishnah is written in Mishnaic Hebrew, but some parts are in Aramaic. The Mishnah consists of six orders (', singular ' ), each containing 7–12 tractates (', singular ' ; lit. "web"), 63 in total, and further subdivided into chapters and paragraphs. The word ''Mishnah'' can also indicate a single paragraph of ...
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Code Of Hammurabi
The Code of Hammurabi is a Babylonian legal text composed 1755–1750 BC. It is the longest, best-organised, and best-preserved legal text from the ancient Near East. It is written in the Old Babylonian dialect of Akkadian, purportedly by Hammurabi, sixth king of the First Dynasty of Babylon. The primary copy of the text is inscribed on a basalt stele tall. The stele was rediscovered in 1901 at the site of Susa in present-day Iran, where it had been taken as plunder six hundred years after its creation. The text itself was copied and studied by Mesopotamian scribes for over a millennium. The stele now resides in the Louvre Museum. The top of the stele features an image in relief of Hammurabi with Shamash, the Babylonian sun god and god of justice. Below the relief are about 4,130 lines of cuneiform text: one fifth contains a prologue and epilogue in poetic style, while the remaining four fifths contain what are generally called the laws. In the prologue, Hammurabi claims ...
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Trust Law
A trust is a legal relationship in which the holder of a right gives it to another person or entity who must keep and use it solely for another's benefit. In the Anglo-American common law, the party who entrusts the right is known as the "settlor", the party to whom the right is entrusted is known as the "trustee", the party for whose benefit the property is entrusted is known as the " beneficiary", and the entrusted property itself is known as the "corpus" or "trust property". A ''testamentary trust'' is created by a will and arises after the death of the settlor. An ''inter vivos trust'' is created during the settlor's lifetime by a trust instrument. A trust may be revocable or irrevocable; an irrevocable trust can be "broken" (revoked) only by a judicial proceeding. The trustee is the legal owner of the property in trust, as fiduciary for the beneficiary or beneficiaries who is/are the equitable owner(s) of the trust property. Trustees thus have a fiduciary duty to manage th ...
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Bond (finance)
In finance, a bond is a type of security under which the issuer ( debtor) owes the holder ( creditor) a debt, and is obliged – depending on the terms – to repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time. The interest is usually payable at fixed intervals: semiannual, annual, and less often at other periods. Thus, a bond is a form of loan or IOU. Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, to finance current expenditure. Bonds and stocks are both securities, but the major difference between the two is that (capital) stockholders have an equity stake in a company (i.e. they are owners), whereas bondholders have a creditor stake in a company (i.e. they are lenders). As creditors, bondholders have priority over stockholders. This means they will be repaid in advance of stockholders, but will rank behind s ...
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Baba Batra
Bava Batra (also Baba Batra; Talmudic Aramaic: בָּבָא בַּתְרָא "The Last Gate") is the third of the three Talmudic tractates in the Talmud in the order Nezikin; it deals with a person's responsibilities and rights as the owner of property. It is part of Judaism's oral law. Originally it, together with Bava Kamma and Bava Metzia, formed a single tractate called ''Nezikin'' (torts or damages). Unlike Bava Kamma and Bava Metzia, this tractate is not the exposition of a certain passage in the Torah. Mishnah The Mishnah is divided into ten chapters, as follows: * Regulations relating to jointly owned property (chapter 1) * Responsibilities of a property owner towards his neighbor (chapter 2) * Established rights of ownership and rights connected with property (chapter 3) * Laws referring to the acquisition of property by purchase, as also what constitutes an unclean vessel when purchased from a Gentile (chapters 4-7) * Laws of inheritance (chapters 8-9) * Laws concerni ...
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Sumer
Sumer () is the earliest known civilization in the historical region of southern Mesopotamia (south-central Iraq), emerging during the Chalcolithic and early Bronze Ages between the sixth and fifth millennium BC. It is one of the cradles of civilization in the world, along with ancient Egypt, Elam, the Caral-Supe civilization, Mesoamerica, the Indus Valley civilisation, and ancient China. Living along the valleys of the Tigris and Euphrates rivers, Sumerian farmers grew an abundance of grain and other crops, the surplus from which enabled them to form urban settlements. Proto-writing dates back before 3000 BC. The earliest texts come from the cities of Uruk and Jemdet Nasr, and date to between c. 3500 and c. 3000 BC. Name The term "Sumer" ( Sumerian: or , Akkadian: ) is the name given to the language spoken by the "Sumerians", the ancient non- Semitic-speaking inhabitants of southern Mesopotamia, by their successors the East Semitic-speaking Akkadians. The Sumerians ...
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Fritz M
Fritz originated as a German nickname for Friedrich, or Frederick (''Der Alte Fritz'', and ''Stary Fryc'' were common nicknames for King Frederick II of Prussia and Frederick III, German Emperor) as well as for similar names including Fridolin and, less commonly, Francis. Fritz (Fryc) was also a name given to German troops by the Entente powers equivalent to the derogative Tommy. Other common bases for which the name Fritz was used include the surnames Fritsche, Fritzsche, Fritsch, Frisch(e) and Frycz. Below is a list of notable people with the name "Fritz." Surname *Amanda Fritz (born 1958), retired registered psychiatric nurse and politician from Oregon *Al Fritz (1924–2013), American businessman *Ben Fritz (born 1981), American baseball coach *Betty Jane Fritz (1924–1994), one of the original players in the All-American Girls Professional Baseball League *Clemens Fritz (born 1980), German footballer *Edmund Fritz (before 1918–after 1932), Austrian actor, film director, a ...
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Flour
Flour is a powder made by grinding raw grains, roots, beans, nuts, or seeds. Flours are used to make many different foods. Cereal flour, particularly wheat flour, is the main ingredient of bread, which is a staple food for many cultures. Corn flour has been important in Mesoamerican cuisine since ancient times and remains a staple in the Americas. Rye flour is a constituent of bread in central and northern Europe. Cereal flour consists either of the endosperm, germ, and bran together (whole-grain flour) or of the endosperm alone (refined flour). ''Meal'' is either differentiable from flour as having slightly coarser particle size (degree of comminution) or is synonymous with flour; the word is used both ways. For example, the word '' cornmeal'' often connotes a grittier texture whereas corn flour connotes fine powder, although there is no codified dividing line. The CDC has cautioned not to eat raw flour doughs or batters. Raw flour can contain bacteria like '' E. col ...
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Millstone
Millstones or mill stones are stones used in gristmills, for grinding wheat or other grains. They are sometimes referred to as grindstones or grinding stones. Millstones come in pairs: a convex stationary base known as the ''bedstone'' and a concave ''runner stone'' that rotates. The movement of the runner on top of the bedstone creates a "scissoring" action that grinds grain trapped between the stones. Millstones are constructed so that their shape and configuration help to channel ground flour to the outer edges of the mechanism for collection. The runner stone is supported by a cross-shaped metal piece (millrind or rynd) fixed to a "mace head" topping the main shaft or spindle leading to the driving mechanism of the mill (wind, water (including tide) or other means). History The earliest evidence for stones used to grind food is found in northern Australia, at the Madjedbebe rock shelter in Arnhem Land, dating back around 60,000 years. Grinding stones or grindston ...
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Secured Loan
A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral, and if the borrower defaults, the creditor takes possession of the asset used as collateral and may sell it to regain some or all of the amount originally loaned to the borrower. An example is the foreclosure of a home. From the creditor's perspective, that is a category of debt in which a lender has been granted a portion of the bundle of rights to specified property. If the sale of the collateral does not raise enough money to pay off the debt, the creditor can often obtain a deficiency judgment against the borrower for the remaining amount. The opposite of secured debt/loan is unsecured debt, which is not connected to any specific piece of property. Instead, the creditor may satisfy the debt only against the borrower, rather than the bor ...
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