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Usury
Usury () is the practice of making unethical or immoral monetary loans that unfairly enrich the lender. The term may be used in a moral sense—condemning taking advantage of others' misfortunes—or in a legal sense, where an interest rate is charged in excess of the maximum rate that is allowed by law. A loan may be considered usurious because of excessive or abusive interest rates or other factors defined by the laws of a state. Someone who practices usury can be called a ''usurer'', but in modern colloquial English may be called a '' loan shark''. In many historical societies including ancient Christian, Jewish, and Islamic societies, usury meant the charging of interest of any kind, and was considered wrong, or was made illegal. During the Sutra period in India (7th to 2nd centuries BC) there were laws prohibiting the highest castes from practicing usury. Similar condemnations are found in religious texts from Buddhism, Judaism ('' ribbit'' in Hebrew), Christianity, and I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interest
In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party. It is also distinct from dividend which is paid by a company to its shareholders (owners) from its profit or reserve, but not at a particular rate decided beforehand, rather on a pro rata basis as a share in the reward gained by risk taking entrepreneurs when the revenue earned exceeds the total costs. For example, a customer would usually pay interest to borrow from a bank, so they pay the bank an amount which is more than the amount they borrowed; or a customer may earn interest on their savings, and so they may withdraw more than they originally deposited. In the case of savings, the customer is the lender, and the bank plays the role of the borrower. Interest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loans And Interest In Judaism
The subject of loans and interest in Judaism has a long and complex history. In the Hebrew Bible, the Book of Ezekiel classifies the charging of interest among the worst sins, denouncing it as an abomination and metaphorically portraying usurers as people who have shed the borrower's blood. The Talmud dwells on Ezekiel's condemnation of charging interest. The Torah and Talmud encourage lending money without interest. But the '' halakha'' (Jewish law) that prescribes interest-free loans applies to loans made to other Jews, however not exclusively. Rabbi Isaac Abarbanel, however, declared that the acceptance of interest from non-Jews does not apply to Christians or Muslims, as their faith systems are also Abrahamic and therefore share a common ethical basis. The biblical Hebrew terms for interest are ''neshekh'' ( he, נשך), literally meaning ''a bite'', and ''marbit'' or ''tarbit'' (), which refers to the lender's profit. ''Neshekh'' refers to interest deducted in advance f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aquinas
Thomas Aquinas, OP (; it, Tommaso d'Aquino, lit=Thomas of Aquino; 1225 – 7 March 1274) was an Italian Dominican friar and priest who was an influential philosopher, theologian and jurist in the tradition of scholasticism; he is known within the tradition as the , the , and the . The name ''Aquinas'' identifies his ancestral origins in the county of Aquino in present-day Lazio, Italy. Among other things, he was a prominent proponent of natural theology and the father of a school of thought (encompassing both theology and philosophy) known as Thomism. He argued that God is the source of both the light of natural reason and the light of faith. He has been described as "the most influential thinker of the medieval period" and "the greatest of the medieval philosopher-theologians". His influence on Western thought is considerable, and much of modern philosophy is derived from his ideas, particularly in the areas of ethics, natural law, metaphysics, and political th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loan Shark
A loan shark is a person who offers loans at extremely high interest rates, has strict terms of collection upon failure, and generally operates outside the law. Description Because loan sharks operate mostly illegally, they cannot reasonably expect to be able to use the legal system to collect such debts, they often resort to enforcing repayment by terms of blackmail and threats of violence. Historically, many moneylenders skirted between legal and criminal activity. In the recent western world, loan sharks have been a prominent feature of the criminal underworld. Loan sharking is not to be confused with predatory lending with extremely high interest rates such as payday or title loans, which is sometimes considered to be "loan sharking" (or, at least, unfavorably compared to loan sharking by critics) regardless of whether it is legal. A key difference between "traditional" loan sharking and predatory lending is that lenders alleged to be engaged in the latter practice a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cato The Elder
Marcus Porcius Cato (; 234–149 BC), also known as Cato the Censor ( la, Censorius), the Elder and the Wise, was a Roman soldier, senator, and historian known for his conservatism and opposition to Hellenization. He was the first to write history in Latin with his '' Origines'', a now fragmentary work on the history of Rome. His work '' De agri cultura'', a rambling work on agriculture, farming, rituals, and recipes, is the oldest extant prose written in the Latin language. His epithet "Elder" distinguishes him from his great-grandson Cato the Younger, who opposed Julius Caesar. He came from an ancient Plebeian family who were noted for their military service. Like his forefathers, Cato was devoted to agriculture when not serving in the army. Having attracted the attention of Lucius Valerius Flaccus, he was brought to Rome and began to follow the ''cursus honorum'': he was successively military tribune (214 BC), quaestor (204), aedile (199), praetor (198), consul (19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loan
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower. The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice, any material object might be lent. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Muhammad
Muhammad ( ar, مُحَمَّد; 570 – 8 June 632 CE) was an Arab religious, social, and political leader and the founder of Islam. According to Islamic doctrine, he was a prophet divinely inspired to preach and confirm the monotheistic teachings of Adam, Abraham, Moses, Jesus, and other prophets. He is believed to be the Seal of the Prophets within Islam. Muhammad united Arabia into a single Muslim polity, with the Quran as well as his teachings and practices forming the basis of Islamic religious belief. Muhammad was born approximately 570CE in Mecca. He was the son of Abdullah ibn Abd al-Muttalib and Amina bint Wahb. His father Abdullah was the son of Quraysh tribal leader Abd al-Muttalib ibn Hashim, and he died a few months before Muhammad's birth. His mother Amina died when he was six, leaving Muhammad an orphan. He was raised under the care of his grandfather, Abd al-Muttalib, and paternal uncle, Abu Talib. In later years, he would periodical ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seneca The Younger
Lucius Annaeus Seneca the Younger (; 65 AD), usually known mononymously as Seneca, was a Stoic philosopher of Ancient Rome, a statesman, dramatist, and, in one work, satirist, from the post-Augustan age of Latin literature. Seneca was born in Córdoba in Hispania, and raised in Rome, where he was trained in rhetoric and philosophy. His father was Seneca the Elder, his elder brother was Lucius Junius Gallio Annaeanus, and his nephew was the poet Lucan. In AD 41, Seneca was exiled to the island of Corsica under emperor Claudius, but was allowed to return in 49 to become a tutor to Nero. When Nero became emperor in 54, Seneca became his advisor and, together with the praetorian prefect Sextus Afranius Burrus, provided competent government for the first five years of Nero's reign. Seneca's influence over Nero declined with time, and in 65 Seneca was forced to take his own life for alleged complicity in the Pisonian conspiracy to assassinate Nero, in which he was proba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gautama Buddha
Siddhartha Gautama, most commonly referred to as the Buddha, was a wandering ascetic and religious teacher who lived in South Asia during the 6th or 5th century BCE and founded Buddhism. According to Buddhist tradition, he was born in Lumbini, in what is now Nepal, to royal parents of the Shakya clan, but renounced his home life to live as a wandering ascetic ( sa, śramaṇa). After leading a life of begging, asceticism, and meditation, he attained enlightenment at Bodh Gaya in what is now India. The Buddha thereafter wandered through the lower Indo-Gangetic Plain, teaching and building a monastic order. He taught a Middle Way between sensual indulgence and severe asceticism, leading to Nirvana, that is, freedom from ignorance, craving, rebirth, and suffering. His teachings are summarized in the Noble Eightfold Path, a training of the mind that includes meditation and instruction in Buddhist ethics such as right effort, mindfulness, and ''jhana''. He die ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hittites
The Hittites () were an Anatolian people who played an important role in establishing first a kingdom in Kussara (before 1750 BC), then the Kanesh or Nesha kingdom (c. 1750–1650 BC), and next an empire centered on Hattusa in north-central Anatolia (around 1650 BC). This empire reached its height during the mid-14th century BC under Šuppiluliuma I, when it encompassed an area that included most of Anatolia as well as parts of the northern Levant and Upper Mesopotamia. Between the 15th and 13th centuries BC, the Empire of Hattusa—in modern times conventionally called the Hittite Empire—came into conflict with the New Kingdom of Egypt, the Middle Assyrian Empire and the empire of Mitanni for control of the Near East. The Middle Assyrian Empire eventually emerged as the dominant power and annexed much of the Hittite Empire, while the remainder was sacked by Phrygian newcomers to the region. After BC, during the Late Bronze Age collapse, the Hittites splintered ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Johnson (writer)
Paul Bede Johnson (born 2 November 1928) is an English journalist, popular historian, speechwriter, and author. Although associated with the political left in his early career, he is now a conservative popular historian. Johnson was educated at the Jesuit independent school Stonyhurst College, and at Magdalen College, Oxford. He first came to prominence in the 1950s as a journalist writing for and later editing the ''New Statesman'' magazine. A prolific writer, Johnson has written over 40 books and contributed to numerous magazines and newspapers. His sons include the journalist Daniel Johnson, founder of '' Standpoint'' magazine, and the businessman Luke Johnson, former chairman of Channel 4. Early life and career Johnson was born in Manchester. His father, William Aloysius Johnson, was an artist and Principal of the Art School in Burslem, Stoke-on-Trent, Staffordshire. At Stonyhurst College, Johnson received an education grounded in the Jesuit method, which he preferred ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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