What's the difference between fraud and usury?

Fraud


Definition:

  • (n.) Deception deliberately practiced with a view to gaining an unlawful or unfair advantage; artifice by which the right or interest of another is injured; injurious stratagem; deceit; trick.
  • (n.) An intentional perversion of truth for the purpose of obtaining some valuable thing or promise from another.
  • (n.) A trap or snare.

Example Sentences:

  • (1) TalkTalk said customers should monitor their accounts over the coming months and report anything unusual to Action Fraud.
  • (2) But most instances are more mundane: the majority of fraud cases in recent years have emerged from scientists either falsifying images – deliberately mislabelling scans and micrographs – or fabricating or altering their recorded data.
  • (3) Casadevall said the pressures to commit fraud came from many sources - not least the competition for scarce funding for research.
  • (4) He is, by any measure, one of the biggest scientific frauds of all time.
  • (5) How much more is this than the amount lost to fraud?
  • (6) In April, Ronnie was charged with a series of offences relating to an alleged £1m fraud at the retailer.
  • (7) Compare the billions lost through tax avoidance to the £1.2bn lost through benefit fraud, an issue that remains the news fodder of choice for the rightwing press.
  • (8) Many have degrees or work in professional fields, and feel embarrassed by the fact they have become a victim of fraud.
  • (9) The speciality steels division faces a Serious Fraud Office investigation and some of its top staff are suspended , which could complicate a sale.
  • (10) This Comment explores issues concerning the control of fraud and abuse in health programs financed with public funds, specifically the Medicare and Medicaid programs.
  • (11) In a recent decision, Commonwealth v. Kobrin, the Massachusetts Supreme Judicial Court ruled that a psychiatrist being investigated for possible Medicaid fraud did not have to turn over all of his notes concerning therapy sessions.
  • (12) "No, it's a stunt, a fraud," cry Lib Dems, Clegg's leftie critics included.
  • (13) The once squeaky-clean Spanish royal family has become immersed in a growing fraud scandal that reveals how members of King Juan Carlos's family may have cashed in on the monarchy's good name.
  • (14) Transparency news Man of the week - Nigerian Fifa executive Amos Adamu: July – tells four Nigerian officials charged with fraud to fight in court to clear their names.
  • (15) We know that markets can be gamed, and that fraud and false information undermine their efficiency.
  • (16) Britain's Serious Fraud Office has launched a formal criminal investigation into GlaxoSmithKline's sales practices, piling further pressure on the drugmaker which is already being investigated by Chinese authorities and elsewhere amid allegations of bribery.
  • (17) GNM reserves the right at any time and from time to time to modify or discontinue, temporarily or permanently, the Awards or any feature thereof with or without prior notice due to reasons outside its control (including, without limitation, in the case of anticipated, suspected, or actual fraud).
  • (18) Most vacancies are now advertised over the internet and claimants are encouraged to apply online to help them prepare for the world of work.” The disclosure of the revenue generated by BT came after the Observer revealed that 85% of benefit fraud allegations made by the public to a telephone hotline or online over the last five years were false.
  • (19) In 2012, Britain was among the donors that suspended all direct aid to the Ugandan prime minister's office over allegations of fraud.
  • (20) Only shop online on secure sites Before entering your card details, always ensure that the locked padlock or unbroken key symbol is showing in your browser, cautions industry advisory body Financial Fraud Action UK.

Usury


Definition:

  • (v. t.) A premium or increase paid, or stipulated to be paid, for a loan, as of money; interest.
  • (v. t.) The practice of taking interest.
  • (v. t.) Interest in excess of a legal rate charged to a borrower for the use of money.

Example Sentences:

  • (1) Eventually, we were sucked dry: but the centre's greed is boundless, and now they want to gain more through usury and, if bad comes to worse, political domination.
  • (2) Such criticism was vocalised by the future Archbishop of Canterbury who described the terms of some of their loans as "usurious" and its business model as " morally wrong ".
  • (3) Extortion and usury last year brought in a substantial €2.9bn, while embezzlement earned the mafia €2.4bn and gambling €1.3bn.
  • (4) Why not neighborhood bowling leagues, usury and the gibbet?
  • (5) Naturally, as polyamory and bed hopping have had very little effect on bowling or usury.
  • (6) The traitorous governments have tried to mislead the Sunni peoples in every Arab land, as corrupt programmes were introduced for them and there spread among them the love of vice, bonds, bribery, usury and abandoning worship and forgetting the rulings of jihad.
  • (7) Like most of the well-off, I had never heard of Crazy George because the well-off never need credit at these usurious rates when every bank is tripping over itself to lend cash to the rich at good rates.
  • (8) Other edits by lobbyists range from a computer in the offices of payday lender Wonga deleting references to "usury" from its entry, to a computer registered to the American multinational Dow Chemical repeatedly attempting to remove a large section from the company's profile detailing "controversies".
  • (9) Within days, the government agreed to broaden the scope of the review and raised the prospect of regulating legal money-lending in Britain for the first time since usury laws were repealed in the 19th century.
  • (10) It is becoming clear payday lending premised on usurious interest rates is no longer either legitimate or particularly profitable.
  • (11) Indeed they say they face exploitation at every step: from real estate agents who charge exorbitant penalties for late rents to salesmen who charge usurious rates of credit on white goods.
  • (12) Global finance has to accept it has responsibilities, not usurious claims that must always be met in full whatever the pain.
  • (13) In the UK, debate rages as to whether high-cost, short-term loans perform a useful social function in a society where support from the state is being reduced, or are just a legal form of usury, only a notch above loan sharks.
  • (14) However, the push for anti-usury laws, organised by the centre-left pressure group Compass, community organisers Citizens UK, church groups, academics and debt advice groups received a fillip last month when Creasy got widespread support for her 10-minute rule bill on regulating the "high-interest legal home credit market".
  • (15) Griesa's ruling, however, encourages usurious behaviour, threatens the functioning of international financial markets, and defies a basic tenet of modern capitalism: insolvent debtors need a fresh start.
  • (16) Maduro has spoken of jailing retailers, criticising the "speculation and usury" that he blames for Venezuela's economic woes.
  • (17) African Americans living in postal codes with depressed incomes likely do respond disproportionately to ads for usurious “payday” loans.