Usury is odious in law.

Explanation

The exaction of excessive interest is condemned at common law as a species of oppression — the lender who extracts more than a just return perverts the purpose of money.

Where this applies

• The interest rate on this loan is outrageously excessive.
• Charging exorbitant interest is condemned as a form of oppression.
• Usury — excessive interest — perverts the purpose of lending.

See also

• 12.12.1 Commerce ought to be common, and not to be converted into a monopoly and the private gain of a few.
• 12.12.2 Money is the just medium and measure of commutable things.