usury (the illegal action or practice of lending money at unreasonably high rates of interest.
Usury is the practice of making loans at interest rates that are deemed excessively high or greater than those permitted by law. Under King Henry VIII, usury first spread throughout England and was initially defined as the practice of adding any amount of interest to loans of money. Over time, term came to indicate charging excessive interest, but charging interest at all is forbidden in some cultures and religions.
The practice of charging interest on loans is not new, but in England in the 16th century, there were restrictions placed on the maximum amount of interest that could be charged lawfully. However, certain religions have never engaged in usury because it goes against their fundamental beliefs throughout history.
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