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Usury is when someone lends money to another person and charges an interest rate that is way too high, more than what the law allows. It's like borrowing money from someone and having to pay back a lot more than you borrowed, making it very difficult for the person who borrowed the money to repay the debt.
For example, let's say a person wants to borrow $10,000 for a home improvement project, and the maximum legal interest rate in their state is 10%. However, a shady lender offers to lend the money at an interest rate of 25%. This would be considered usury because the interest rate charged is much higher than the legal limit.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
In the land of lending, usury's unkind,
Charging rates too high, a borrower will find.
A loan that's unfair, with interest that's steep,
Usury takes hold, and fairness won't keep.