Usury Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Usury, written in plain English, along with examples of how it is used.
What is Usury?
(n) Law prevailing in the land fix the upper interest rate chargeable on debt instruments. If the interest rate charged on a debt exceeds this limit, it is called Usury. Usury payment cannot be enforced by law