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1828 Definition

U'SURY, n. s as z. [L. usura, from utor, to use.]

1. Formerly, interest; or a premium paid or stipulated to be paid for the use of money.

[Usury formerly denoted any legal interest, but in this sense, the word is no longer in use.]

2. In present usage, illegal interest; a premium or compensation paid or stipulated to be paid for the use of money borrowed or retained, beyond the rate of interest established by law.

3. The practice of taking interest. Obs.
1913 Definition
Usury (usury)
n.(?)
U"su*ry
[OE. usurie, usure, F. usure, L. usura use, usury, interest, fr. uti, p. p. usus, to use. See Use, v. t.]

  1. A premium or increase paid, or stipulated to be paid, for a loan, as of money; interest.
    [Obs. or Archaic]

    Thou shalt not lend upon usury to thy brother; usury of money, usury of victuals, usury of anything that is lent upon usury. Deut. xxiii. 19.

    Thou oughtest therefore to have put my money to the exchanges, and then at my coming I should have received mine own with usury. Matt. xxv. 27.

    What he borrows from the ancients, he repays with usury of (?)(?)is own. Dryden.

  2. The practice of taking interest.
    [Obs.]

    Usury . . . bringeth the treasure of a realm or state into a few (?)(?)nds. Bacon.

  3. Interest in excess of a legal rate charged to a borrower for the use of money.

    * The practice of requiring in repayment of money lent anything more than the amount lent, was formerly thought to be a great moral wrong, and the greater, the more was taken. Now it is not deemed more wrong to take pay for the use of money than for the use of a house, or a horse, or any other property. But the lingering influence of the former opinion, together with the fact that the nature of money makes it easier for the lender to oppress the borrower, has caused nearly all Christian nations to fix by law the rate of compensation for the use of money. Of late years, however, the opinion that money should be borrowed and repaid, or bought and sold, upon whatever terms the parties should agree to, like any other property, has gained ground everywhere. Am. Cyc.


1828 dictionary
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