legal rate of interest
121MONEYLENDING — The Religious Context BIBLICAL PERIOD Deuteronomy 23:20–21 states: You shall not lend on interest to your brother, interest of food or money or anything on which interest can be charged. You may charge interest to a foreigner, but not to your… …
122mortgage — the transfer of right of ownership of a property from a debtor to a creditor as security for a debt, with the proviso that once the debt is paid ownership is transferred back. Glossary of Business Terms (1) noun A legal instrument that creates a… …
123History of banking — The first banks were the merchants of the ancient world that made loans to farmers and traders that carried goods between cities. The first records of such activity dates back to around 2000 BC in Assyria and Babylonia. Later, in ancient Greece… …
124History of pawnbroking — This history is partially outdated for developments in the 20th century To trace the history of pawnbroking, we must go back to the earliest ages of the world, since lending money on portable security (see money and usury) is one of the most… …
125government economic policy — ▪ finance Introduction measures by which a government attempts to influence the economy. The national budget generally reflects the economic policy of a government, and it is partly through the budget that the government exercises its three …
126Mesopotamia, history of — ▪ historical region, Asia Introduction history of the region in southwestern Asia where the world s earliest civilization developed. The name comes from a Greek word meaning “between rivers,” referring to the land between the Tigris and… …
127Mortgage — A loan secured by the collateral of some specified real estate property which obliges the borrower to make a predetermined series of payments. The New York Times Financial Glossary * * * ▪ I. mortgage mort‧gage 1 [ˈmɔːgɪdʒ ǁ ˈmɔːr ] noun… …
128Islamic banking — Banking A series on Financial services …
