What's the difference between usance and usury?

Usance


Definition:

  • (v. t.) Use; usage; employment.
  • (v. t.) Custom; practice; usage.
  • (v. t.) Interest paid for money; usury.
  • (v. t.) The time, fixed variously by the usage between different countries, when a bill of exchange is payable; as, a bill drawn on London at one usance, or at double usance.

Example Sentences:

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review and raised the prospect of regulating legal money-lending in Britain for the first time since usury laws were repealed in the 19th century.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.

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