Usurious Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Usurious, written in plain English, along with examples of how it is used.

What is Usurious?

(n) Usurious is the rate of interest charged on a debt, which exceeds the permissible upper interest ceiling as per rules prevailing that time. Courts may not interfere or order the payment of usurious interest.