benchang1084 benchang1084
  • 25-07-2017
  • Social Studies
contestada

When money is loaned at a greater rate of interest than is allowed by law, ______is committed. usury. sharking. petty theft. credit malfeasance?

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holesstanham
holesstanham holesstanham
  • 27-11-2019

Answer:

Usury

Explanation:

Usury is the practice of making unethical loans that unfairly enrich the lender. This is usually accomplished by loaning at a rate of interest that is unfair, unethical or illegal. In legal terms, usury refers to the practice of charging an interest rate that is superior to what is allowed by law. Throughout history, many cultures have created laws against usury. In the United States, these laws are usually created by the states.

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